Telstra Exits Venture Capital Business As It Redirects Spending
Weeks after Telstra confirmed that its net profit for the six months to December 31 had jumped 6.5% to $1.03 billion, it is now confirmed that it is exiting the venture capital business as it looks to ...
The Australian16d
Telstra offloads venture capital interest in multimillion-dollar ‘fire sale’
Australia’s biggest telco had a majority stake in Telstra Ventures Fund II, which was launched in 2018, with participation from HarbourVest, and worth $675m according to Bloomberg. Telstra had a 62.5 ...
The Courier-Mail15d
Telstra offloads venture capital interest in multimillion-dollar ‘fire sale’
Followed categories will be added to My News. Australia’s biggest telco had a majority stake in Telstra Ventures Fund II, which was launched in 2018, with participation from HarbourVest ...
Northern Territory News15d
Telstra offloads venture capital interest in multimillion-dollar ‘fire sale’
Australia’s biggest telco has sold its interests in a venture capital fund at a steep discount, as it opts to invest in its network rather than tech start-ups. Australia’s biggest telco had a ...