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Telstra, PCCW Restructure Reach
Telstra seeks more control over global assets through joint venture re-jig
March 1, 2011
1 Min Read
MELBOURNE, Australia -- Telstra and PCCW today announced the completion of their Reach restructure, following a January announcement that the international assets in their 50/50 Reach joint venture would be divided between both parties. The remaining joint assets will continue to be managed by Reach in Hong Kong.
The restructure represents a milestone in Telstra International’s strategy to drive greater customer and shareholder value.
Telstra International’s expanded platform in the Asia Pacific region enables business growth and increased control over the end-to-end service delivery platform. This will allow its enterprise and global service provider customers to experience enhanced customer service, improved service management and delivery and more competitive market positioning.
As a result of the restructure Telstra International will have:
direct ownership of more undersea cable assets in particular the Reach North Asia Loop;
an international PSTN voice capability that already boasts the carriage of 4.5 billion minutes per year;
additional Points-of-Presence globally thereby creating an extended product portfolio across all regions;
the ability to transition the international voice network to Internet Protocol (IP) to allow more synergies between voice and data services; and,
satellite services and associated base stations that reach over two thirds of the Earth’s surface.
Telstra is also acquiring additional global backbone and backhaul systems and a Global Roaming Exchange platform, otherwise known as a GRX.
Telstra Corp. Ltd. (ASX: TLS; NZK: TLS)
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