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News
| Telstra appoints new international MD |
| Monday, 30 November 2009 |
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Telstra has appointed Tarek Robbiati as the new Group Managing Director of its international operations as part of a rejig to divide the company into several strategic business units and grow key markets.
Mr Robbiati has been the CEO of Telstra’s Hong Kong subsidiary CSL Limited and will remain in the position until June 2010 when a successor is appointed. Mr Robbiati's successor at CSL will then report to him in his new capacity as the Group Managing Director of Telstra International. Telstra International is a newly created business unit incorporating all of Telstra’s international assets outside of Australia and New Zealand, and will be based in Hong Kong. The new business unit includes Hong Kong-based CSL; Telstra International carrier assets, Points of Presence and Telstra’s 50 percent stake in Reach; and existing China properties, including Chinese online search and advertising businesses SouFun, Autohome, PCPop, Che 168, IT168, and the Online Media businesses of Sharpoint and China M. "The objective of the creation of the new Telstra International Business Unit is to ensure greater focus on growing these assets, by consolidating them into a single point of accountability under a new Group Managing Director,” Mr Robbiati said. In November the company announced it would float its thriving Chinese real estate classifieds business, SouFun, and then sell down its stake. Telstra acquired SouFun through its Sensis business in August 2006 for US$254 million and delivered a 55.9 percent increase in earnings in 2008. |
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