Surging demand for artificial intelligence (AI) has driven Telstra to upgrade its international networks, with a planned network using AI and digital twins to manage itself as the carrier chases new revenues in a stagnant telco market – and bolsters security in uncertain times. The company’s business-focused Telstra International division outlined its plans for next-generation… Read more »
Telecommunications giant Telstra plans to spend $700 million – $100m annually – over the next seven years to ramp up its data and artificial intelligence (AI) capabilities in a joint venture with its long-time partner Accenture. The US consultancy firm is already pouring $3 billion into its own AI capabilities and will own 60% of… Read more »
Australia’s communications watchdog has imposed new rules on Telstra after the telecommunications giant was found to have leaked the details of more than 140,000 people who requested their phone numbers not be shared publicly. The Australian Communications and Media Authority (ACMA) said it had issued Telstra with “a remedial direction” following an investigation of the… Read more »
Telstra’s appetite for venture capital (VC) investing is waning, and the telecommunications giant is looking to sell out of the $1.35 billion fund that no longer bears its name. Sydney and US-based Telstra Ventures has changed its name to Titanium Ventures, having been founded in 2011 and spun out of Telstra in 2018. Announcing the… Read more »
Up to 2,800 Telstra workers will be retrenched by year’s end, with Australia’s largest telecommunications carrier announcing plans to pare its workforce in an AI-driven “reset” of its enterprise arm including an overhaul of its Telstra Purple services business. The package of reforms is designed to contribute to $350 million in cost savings as the… Read more »
The Commonwealth Bank (CBA) and Telstra have launched a pilot program to see if they can improve protection from phone scams, via an API. They’ve call the Telstra API Scam Indicator. It’s currently at proof-of-concept stage and to be piloted over the next few months. Early simulation results suggest it can help detect and prevent… Read more »
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 »
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