Telstra moves into the Australian mining sector

By Enterprise Monkey

Telstra, Australia’s largest telecommunications company, has said it will acquire the network firm CBO Telecommunications for an undisclosed sum.

CBO specialises in designing, building and maintaining enterprise networks used across mining sites. The value of Telstra’s existing operations in the mining industry is thought to exceed $100 million.

Telstra is looking to capitalise on the resource sector’s desire to automate and create greater efficiencies in the workforce amid a slump in commodity prices.

David Keenan, Head of Telstra Global Industries, said: “The decline in global commodity prices is largely driving a downturn in the resources sector and, as a consequence, sharpening the industry’s focus on reducing costs and maximising production.

“This downturn has created a once in a lifetime shift, where miners are looking to technology innovation to help them future proof their operations. Telstra Mining Services will be focused on helping our mining customers drive better business outcomes by significantly improving in-shift staff and asset productivity.”

Telstra has appointed two global mining experts — Jeannette McGill and Eric Nettleton — to oversee the mining technology unit created from the acquisitions, called Telstra Mining Services.

“Building on our strong ­organic foundation, the acquisition of CBO’s network consulting, engineering and services business was the next step to ­expand our communications business beyond the mine gate,” Keenan said.

Follow @BizReviewAU

Read the June 2016 issue of Business Review Australia and Asia magazine

Share
Share

Featured Articles

Twitter timeline – how Musk pulled off a hostile takeover

Elon Musk strikes deal to buy Twitter for US$44bn following four months of cryptic tweets, secret meetings and buying of shares – here’s the timeline

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

From Tokyo to Bangkok, with cuisines spanning Cantonese, Thai and German, we highlight Asia’s top 10 places to eat, as per Asia’s 50 Best Restaurants

Microsoft: what Asia leaders need to know about hybrid work

Microsoft’s 2022 Work Trend Index guides Asia leaders to navigating a hybrid future – from making the office worth the commute to rebuilding social capital

Meet the company: EV Nio to list in Hong Kong, enter Europe

Leadership & Strategy

12 Tech trends to watch closely in 2022, from CB Insights

Technology

Why Deloitte Australia’s HR technology is winning awards

Human Capital