Telstra hunts for acquisitions

Telstra hunts for acquisitions

The telco wants to seize new acquisition opportunities following its $11 billion deal with NBN Co

Telstra is on the acquisition trail following its $11 billion deal with NBNCo.

The deal will see it lease out its infrastructure and customer base to the Government-owned organisation.

Telstra CEO, David Thodey, flagged the telco’s intentions on ABC’s Inside Business TV program.

Thodey said he was interested in seeking to expand Telstra’s product portfolio but there are new opportunities and acquisitions to chase.

"As long as we've got the cash to go and do these new things and create new businesses, and extend the business we've got today; that's what I get so excited about," he said.

Thodey also revealed negotiations with NBN Co for the $11 billion deal was more or less aligned with Telstra’s expectations.

“Of course we moved slightly, but we’ve been in this ballpark pretty much right from day one,” he said.

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Tags Mergers and acquisitionsTelstraDavid ThodeyNBN Co CEOTelstra-NBN Co deal

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