Telstra To Buy Globecast Australia

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TO VENTURE INTO TV BIZ
Australia’s telecommunication giant Telstra has agreed to acquire media services provider Globecast Australia. The deal, subject to regulatory approvals, gives Telstra a leg up in the delivery of live media services, primarily over satellite platforms, to broadcasters. Globecast Australia also provides directto-home satellite transmission and IPTV managed services, IP streaming and encoding, global satellite monitoring and disaster recovery. “Acquiring Globecast Australia delivers strong linkages between its domestic networking capabilities and international points of media connectivity, which fits with our strategy of providing global media networking capabilities,” said Telstra Group MD Martijn Blanken. Globecast Australia’s CEO Simon Farnsworth said the combination of Globecast Australia and Telstra is logical for both companies. “We’re excited by the opportunity for Globecast Australia to grow as part of Telstra. Globecast Australia remains focused on continuing our strong customer relationships and the provision of technical and operational excellence.”

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