Telstra's chief executive Ziggy Switkowski has stressed that the company remains committed to its aim of drawing 20-25 per cent of its business from Asia.
Telstra report its partnership with PCCW (Pacific Century CyberWorks, Hong Kong) was a third of the way to reaching its aims and had no plans to pull out despite PCCW currently trading at a 52-week low.
Switkowski also outlined the company's future Asian plans, saying, 'It is clear there'll be a series of investments ahead of us that we can make and we know we have the capacity to do within our current cashflows, without unsettling the balance sheet'. Telstra is currently pursuing Singapore's MobileOne, and Switkowski also said that China is now featuring more highly on the Telstra's list of targets than it did last year, with the 2008 Olympics in Beijing being a big attraction for Telstra.
