Forum Archive Index - July 2000

[graham corrigan <gdcorrigan@yahoo.co.nz>]

What is the outlook for Telstra?

Tuesday 25 July 2000

"With increasing investment in the Australian market
in
telephony, mobile and Internet services, Telstra is
seeking new global growth opportunities in e-commerce.
Strategic alliances have been established with
companies such as Solution6 and Sausage Software,, and
last week Telstra announced its intention to acquire
51 per cent of Keycorp . It will combine its EFTPOS
business into Keycorp, the objective being to build a
global full-service end-to-end Internet payment
business. Through the investment into Hong Kong-based
Pacific Century CyberWorks, Telstra plans to exploit
opportunities in Asia. With cost savings and
productivity gains, Telstra should deliver around 12
per cent profit growth in the next two years. Some
share price weakness may exist prior to payment of the
second instalment in November. Medium to longer term,
Telstra is considered an attractive investment."

Peter Addison
Associate Director 
Intersuisse


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