Telstra 2003 Annual Report Download - page 23

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REACH REACH is Asia’s largest international wholesale carrier of combined voice, International
Private Leased Circuit and Internet Protocol data services. It is also one of the world’s top ten
carriers of international voice traffic.
REACH has been operating in a difficult environment, characterised by overcapacity and continued
price pressure. Telstra wrote down the carrying value of REACH to zero in February. Subsequently,
in April, REACH concluded the renegotiation of its US$1.5 billion bank loan, which provided REACH
with financial flexibility and an appropriate capital structure.
REACH is actively exploring ways to enhance revenue growth and profitability through product
innovation and increasing the depth of services provided to existing customers. It has also
implemented a value creation program to further reduce overheads and rebalance its cost
structure. We remain positive that the long term prospects for REACH are strong.
Telstra has entered into an agreement with the Beijing Organising Committee for the Games
of the XXIX Olympiad to act as the advisor for the provision of telecommunications consultancy
services for the 2008 Beijing Olympic Games.
DID YOU KNOW TELSTRA HAS:
•relationships with more than
270 international carriers
worldwide
•over 160,000 kilometres of
international cable through
REACH
Te l st r aClear
50
SUBMARINE CABLE
SYSTEMS VIA REACH
OWNERSHIP INTERESTS
IN MORE THAN
www.telstra.com.au/investor P.21
TELSTRACLEAR PROVIDES A REAL
CHOICE IN THE NEW ZEALAND
COMMUNICATIONS SOLUTIONS
MARKET. WORKING TOGETHER,
TELSTRA AND TELSTRACLEAR BRING
SEAMLESS TRANS-TASMAN BENEFITS
TO BUSINESSES IN AUSTRALIA AND
NEW ZEALAND
TelstraClear
∑• Number two, full service
provider in New Zealand
∑• more than 350,000 customers
•
approx. 12% New Zealand
market share*
∑• approx. 1,200 employees
• ∑state-of-the-art IP network
* revenue market share
CSL
• ∑Most profitable mobiles
business in Hong Kong
• ∑approx. 1 million mobile
customers
• ∑approx. 17% market share
• ∑approx. 1,100 employees
REACH
• ∑Leading Asian international
telecoms operator
• ∑One of the world’s top 10
carriers of international
voice traffic
∑•Staff in 15 countries
Te l st raClear