Telstra is set to acquire Globecast Australia, a leading provider of media services for broadcasters in Australasia.
The acquisition is subject to ACCC review prior to completion.
Telstra Group managing director global sales, Martijn Blanken, said the acquisition would deliver on Global
Enterprise and Services’ strategy of developing deeper capabilities in media services for our customers in the broadcasting industry.
“Our broadcasting customers increasingly require live distribution of content from a diverse range of global content providers," he said.
“Globecast Australia has a distinctive reputation for the delivery of media services, primarily over satellite platforms.
He said strong linkages between its domestic networking capabilities and international points of media connectivity fitted with Telstra's strategy of providing global media networking capabilities.
Globecast Australia also provides Direct to Home satellite transmission and IPTV managed services, IP streaming and encoding, global satellite monitoring and disaster recovery.
It has also developed live pointof-view miniature camera technology for use at sporting events through its Globecam business.
Globecast Australia chief executive, Simon Farnsworth, said the combination of Globecast Australia and Telstra was logical for both companies.
“We’re excited by the opportunity for Globecast Australia to grow as part of Telstra," he said.
"Globecast Australia remains focused on continuing our strong customer relationships and the provision of technical and operational excellence.
"The engagement that our customers and suppliers have enjoyed with Globecast Australia will continue.”
Telstra continues to grow Global Enterprise and Services, a division formed to drive Telstra’s global business for enterprise clients.
The division brings together the product, services and go to market capabilities of its domestic and international business to drive long term growth with a strong focus on Asia.