Telstra Signs With Telecom Italia to Expand Global Services
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Australian telecommunications carrier Telstra has signed an agreement with Telecom Italia's wholly-owned subsidiary Tele Media International (TMI) for the provision of international data and Internet protocol (IP) services.
Under the deal, Telstra customers will gain access to the global network and support services of TMI, making Telstra an exclusive regional provider of TMI services to customers in Australia and New Zealand.
In return, TMI will be able to expand its interests outside Europe into new markets.
Telstra and TMI said the two companies are seeking to establish a long-term partnership, and believed they could create this global business relationship by targeting common areas for business growth.
"The Asian division of TMI and Telstra have commenced working on a number of significant global opportunities, and this agreement extends our ability to provide customers with private data and IP networks across the globe," he said.
Meanwhile, Telstra and KPN (Royal Dutch Telecom) have finalized an agreement to form a joint venture (JV) company 'Station 12' by merging their respective mobile satellite communications businesses.
Telstra and KPN will contribute approximately AUS$241.6 million (US$145 million) in combined net tangible assets to launch the venture, with equity shares of 35 percent (Telstra) and 65 percent (KPN).