Business

Feb 14, 2018

Will Telstra’s adventures abroad plug its leaks back home?

Amid a slew of bad deals and a stagnant share-price, shareholders shouldn't hold their breath that Telstra's Asian excursions will pay off.

Michael Sainsbury — Freelance correspondent in Asia and <em>Little Red Blog</em> Editor

Michael Sainsbury

Freelance correspondent in Asia and Little Red Blog Editor

In Jakarta two weeks ago, Telstra’s unnervingly bouncy chief executive Andy Penn was talking his usual upbeat game at the rather ironically named Indonesia-Australia Digital Forum.

The sight of yet another Telstra chief venturing into Asia and talking up the company’s “global” prospects in the technology sector should have given any shareholder cause to jump right back into bed and pull the blankets over their heads.

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3 comments

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3 thoughts on “Will Telstra’s adventures abroad plug its leaks back home?

  1. Jay Lawson

    There is a tradition that when Telstra buys, that signals the top of the market. BHP also signals the market top.

  2. cp

    No idea what he’s in Jakarta for, except the gabfest. I do know that the local phone company there is installing/replacing all the landlines in peoples homes with “glass fibre”. Maybe he might update them on our technology downgrade by our very own inventor of the internet.

  3. bref

    After nearly 3 decades of well and truly screwing the Australian public, Telstra is the epitome of a corporation not giving a bugger for the society in which it resides. Asians just aren’t as stupid as the Aussies, so I don’t see them doing well.

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