TLS 0.26% $3.80 telstra group limited

Hi allSP looks to have some momentum, slow and steady.I just...

  1. 6,633 Posts.
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    Hi all

    SP looks to have some momentum, slow and steady.

    I just read Telstra is buying a 'web hosting and cloud service provider', seems a bit strange to me;
    https://www.crn.com.au/news/telstra-acquires-mediacloud-australia-565970

    Remember when Telstra spent US$330m buying Ooyala
    https://www.telstra.com.au/aboutus/media/media-releases/telstra-to-acquire-leading-video-platform-company-ooyala

    Then wrote it down to zero and "sold" it to management, seems to be a similar process going on again, or maybe they realize they mismanaged it last time (but wont admit it in words) and really do want to be in that space.

 
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