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Telstra Corporation Limited (ASX:TLS) is stepping up its surveillance and monitoring offering through a new joint venture with Australia’s third largest security firm.Australia’s largest telco will team up with SNP Security for TelstraSNP Monitoring (TSM) to offer monitored security for business and residential customers.TelstraSNP Monitoring plans to provide an unrivalled set of productivity tools for small and medium businesses and great peace of mind and remote management options for households.The partnership is geared to expanding Telstra’s growth strategy and establishing a platform in the monitored security industry.
Telstra says the new venture is a logical fit for the company given the reliance on telecommunication networks to deliver monitored security.Telstra Corporation reported a net profit of $1.7 billion in the first half of its 2014 financial year.
News: Telstra stepping up surveillance & monitoring
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