Mar 30, 2009 (12:03 PM EDT)
Telstra CEO Sees Investments In China
Read the Original Article at InformationWeek
Sol Trujillo, CEO of Australia's Telstra, is returning home to the United States this spring, but before he does, he plans to look into making some additional investments in China and other Asian companies.
Trujillo, the former chief of U.S. West and France Telecom's Orange, has a unique perspective on worldwide wireless markets because of his international background and because he has spurred Telstra's robust 14.4-Mbps next-generation network.
On Monday, he said Telstra is considering making additional investments in Asia to bolster its controlling interest in China M, which provides mobile phone content in China. Trujillo argued that acquiring stakes in China M and also in music services provider Sharp Point will boost the content services Telstra can offer in its native Australian market.
In an indication that Trujillo believes Telstra's acquisitions can be mutually beneficial to Chinese and Australian consumers, he said Next G technology can be used to upgrade services on its Hong Kong carrier CSL New World Mobility offering, too. In 2006, Telstra purchased a commanding position in SouFun Holdings, a major Web property site in China.
Trujillo's strategic investments have always attracted attention, because of his unique position leading major telecom carriers in the United States, Europe, Australia, and Asia. Telstra's Next G network, which utilizes 850-MHz spectrum, covers 99% of Australia's population and promises to offer eye-popping speeds of 42 Mbps by the end of 2009. That's fast enough to trump LTE for years and has made WiMax irrelevant in Australia, Trujillo has maintained.
After years abroad, Trujillo recently announced that he plans to return to his native United States.