Telstra to acquire Globecast Australia
Australia’s Telstra today reveals that it is to acquire Globecast Australia; a leading provider of media services for broadcasters in Australasia.
Globecast Australia provides direct to home satellite transmission and IPTV managed services, IP streaming and encoding, global satellite monitoring and disaster recovery, and Martijn Blanken, group managing director and chief customer officer at Telstra, expects the acquisition to strengthen media service capabilities for its customers in the broadcasting sector.
“Our broadcasting customers increasingly require live distribution of content from a diverse range of global content providers,” Blanken said.
“Globecast Australia has a distinctive reputation for the delivery of media services, primarily over satellite platforms. Its strong linkages between its domestic networking capabilities and international points of media connectivity fit with our strategy of providing global media networking capabilities.”
Telstra is growing its Global Enterprise and Services division at a pace, and Globecast Australia CEO, Simon Farnsworth said that the combination of the two companies was a mutually beneficial move.
“We’re excited by the opportunity to grow as part of Telstra,” Farnsworth said.
“Globecast Australia remains focussed on continuing our strong customer relationships and the provision of technical and operational excellence.”
The acquisition is subject to ACCC review prior to completion.