Telstra hopes to increase its mobile customer base, up strategic investment and cut back on costs as it gears up to become "a telco of the future", according to a presentation made by its chief financial officer, Warwick Bray.
Telstra has sold its remaining 6.5% stake in the Chinese car website Autohome to Ping An Insurance Group for US$217 million (A$282 million).
Telstra’s deal to sell down the majority of its stake in China online auto sales company Autohome to Chinese insurer Ping An for $2.1 billion is under a cloud, with a court action against the telco in the Cayman Island tax haven taken by some minority shareholders of Autohome.
Telstra will return $1.5 billion to shareholders in a capital management program using the proceeds from the recent sale of its majority stake in Chinese online car sales business Autohome.
Telstra is selling most of its stake in Chinese car sales website Autohome to one of China’s largest insurers, Ping An Insurance Group, for A$2.1 billion (US$1.6bn).
Telstra is preparing its Ooyala video platform subsidiary for a US float. It will likely get its money back and still own a majority in the company – smart work.
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My head is spinning. Did the Feds just gift Telstra a couple bill to buy a business?
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