Sharechat Logo

Telstra spends half a billion on e-commerce investment

By Phil Boeyen, ShareChat Business News Editor

Friday 21st July 2000

Text too small?
Telstra is taking a 51% stake in Australian electronic and smartcard tech company, Keycorp.

The Aussie telco will be paying around A$515 million for 38.7 million shares, a price of A$13.30 per share.

Telstra and Keycorp say they plan to build a "global full service end-to-end Internet payments service provision business".

The companies say they currently provide complementary services, but separately.

For example Keycorp has Point of Sale (POS) devices, smartcard capabilities and e-commerce payment gateways while Telstra provides network carriage of EFTPOS transactions and POS Installation and Maintenance services.

Keycorp says by combining its services with Telstra's it will be able to offer additional products to its customers at better prices. It will also be able to offer services such as web based payment and loyalty and customer relationship management over existing communications lines.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Telstra shareholders set to approve NBN split
Daily ShareChat: Telstra
Daily ShareChat: Telstra
Daily ShareChat: Telstra
Telstra returns to debt market with 1 billion euro sale of 10-year bonds
TelstraClear earnings growth stalls amid slower capital spending
Telstra cuts sales forecast for 2010, sees no revenue growth
Telstra rejigs structure, brings NZ business into single trans-Tasman market
Clear sale gets Commission green light
Market responds to US sentiment

IRG See IRG research reports