Sol Trujillo says additional investments in Asia can bolster his controlling interest in China M, which provides mobile phone content in China.
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.
Learn more about all the latest products and technologies at TechWeb’s Interop Las Vegas, May 17-21. Join us (registration required).
InformationWeek Elite 100Our data shows these innovators using digital technology in two key areas: providing better products and cutting costs. Almost half of them expect to introduce a new IT-led product this year, and 46% are using technology to make business processes more efficient.
Building a Mobile Business MindsetAmong 688 respondents to our Mobile Application Development Survey ó up from 350 respondents in 2012 ó 46% have deployed mobile apps, with an additional 24% planning to in the next year. Whatís the holdup for that remaining 30%? Often, itís a lack of expertise.
Join us for a roundup of the top stories on InformationWeek.com for the week of December 7, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program!