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Telstra aims for China investment

  1. Do you think Paul Budde will be negative about this considering he is one every other matter involving Telstra andits investments.

    Telstra aims for China investment

    Hold TLS

    courtesy of ABC news online
    Posted: 6:35pm AEST

    Telstra has confirmed it will enter into a joint venture with China's Shanghai General Electronics to provide telecom services in the Shanghai region.

    This follows yesterday's announcement that Telstra was taking full control of Hong Kong mobile phone provider, CSL.

    Telstra has made it clear it wants to expand its Asian markets, focusing on China first.

    A Telstra spokesman says negotiations with General Electronics are still at an early stage and Telstra has not decided yet how much it will invest in the venture.

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