Telstra CEO Andrew Penn has announced that the dominant Australian telco will inject an additional $500 million into upgrading its mobile network over the next two years in his maiden speech as the head of the company. The new investment will bring Telstra’s total mobile network investment to more than $5 billion over the next three years.
Telstra-owned subsidiary Ooyala has made its second acquisition within the last nine months with the purchase of cloud-based media logistics and workflow software and services company Nativ.
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