Telstra Ventures has closed its third fund having raised $500 million to invest in what it calls “all the Cs”: cloud, cyber, crypto (including blockchain), carbon and climate, coders, creators and consumers. The corporate VC arm of Australia’s largest telco is based in San Francisco and primarily invests in tech firms, having made 88 investments in… Read more »
Telstra has pinned its ambitions in home entertainment on content aggregation service Fetch in a deal worth $50 million for a 51% stake. The deal values the 12-year-old venture at $100 million and will see the telco shift Telstra TV customers onto Fetch. Like Apple TV Fetch is a set top box, available in two… Read more »
Telstra CEO Andy Penn is stepping down from the role he’s held for seven years, with the telco’s Chief Financial Officer, Vicki Brady taking the helm as its first female CEO. Brady joined Telstra in 2016 and has held the roles of Group Executive, Consumer and Small Business, and in July 2019, was appointed CFO… Read more »
Telstra Purple, the telecommunication giant’s business technology services offshoot, is acquiring two local tech startups to bolster its IoT capabilities. The deals include Aqura Technologies, a subsidiary of ASX-listed Veris, snapped up for $30 million – figure that nearly matches the parent company’s market cap. Aqura supplies tech and telecommunications infrastructure solutions including industrial wireless,… Read more »
Australia’s biggest telco and data science Quantium plan to launch a joint venture business Telstra says will “unlock the potential of data and AI” for the company and its customers. Sydney-based Quantium is a global leader in using artificial intelligence (AI) to translate raw data into actionable insights. The Woolworths-backed business now operates in 20… Read more »
Telstra is getting behind plans for a F1-style racing competition using flying electric cars currently being developed in South Australian by Airspeeder and sister venture Alauda Aeronautics. The concept of aerial F1 racing is the brainchild of entrepreneur Matt Pearson, founder of both ventures. Pearson has already collaborated with a a team of experts from… Read more »
Telstra will refund more than 49,000 customers around $50 million after Australia’s largest telco failed to tell them they had internet plans that physically could not deliver the NBN internet speeds they were paying for in another embarrassing failure of the NBN. But the refunds are only occurring following intervention by the Australian Communications and Media… Read more »
Thousands of Telstra customers around the country have been hit by an email outage that’s left them unable to access their emails. The outage is proving catastrophic for many, with some small business owners claiming they have been affected by the outage since early August.A quick perusal of Telstra’s outage page indicates users across residential,… Read more »
One of Australia’s leading young female entrepreneurs, Expert360 co-founder Bridget Loudon, is joining the board of Telstra. Telstra chairman John Mullen announced the appointment to the ASX on Tuesday saying that Loudon was a leader in how organisations transform themselves using technology. “Her passion for solving customer problems and entrepreneurial thinking is also evident and… Read more »
1. Airbnb’s IPO may call in sick 007 is not the only one (see below) laid low by coronavirus. Airbnb’s much-anticipated IPO, previously announced for 2020, may be delayed until 2021, Bloomberg reports. Like many in the travel and tourism sector, Airbnb’s been hit hard by the sudden contraction brought on by travel bans and… Read more »
Telstra is set to recruit 1,500 new staff in tech roles, to be sourced “where the best talent is available, both within and outside of Australia,” the company’s CEO Andy Penn announced yesterday.
The son of Mexican immigrants to California, Bismarck Lepe had to overcome some long-held biases when a consultant suggested his startup, Wizeline, build a development hub in the Mexican city of Guadalajara.
Telstra has participated in the Series A funding round of Californian drone software startup Cape through its investment arm, Telstra Ventures, joining Google’s Gradient Ventures, Mitsui & Co and NEA in the round.
A few months on from raising $5 million from Southern Cross Austereo to build out its mobile sports broadcasting platform, telco startup OVO Mobile has acquired Incoming Media.
Now in its fifth year, Telstra-backed accelerator program muru-D is still going strong, today revealing the intake for its fifth Sydney program.
Metigy founder now bankrupt as liquidators find the adtech startup didn’t earn ‘any revenue’ in its 7-year life
History repeats with Deliveroo’s collapse echoing Foodora’s 2018 exit at the expense of gig economy riders
Here are the winners of the UNSW Founders Awards
VC survey finds nearly every startup founder thinks the current funding climate is having an impact on their plans
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