Telstra Sells Asia-Pacific Messaging Business to US Company

Telstra will continue to operate a wholesale mobile and fixed line business in Australia, but is selling its Asia-Pacific interests.
Telstra Sells Asia-Pacific Messaging Business to US Company
People walk past a Telstra store on Melbourne's central business district on June 20, 2018. William West/AFP via Getty Images
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Telstra International is stepping back from providing voice and messaging services across the Asia-Pacific market, after agreeing to sell that part of its business to Nasdaq-listed U.S. company iBASIS for an undisclosed sum.

The deal, which is still subject to regulatory approvals, will see iBASIS acquire high-value customer contracts and some of Telstra International’s commercial and operational staff.

Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.