Telstra (ASX:TLS) collabs with Microsoft to drive Australia’s digital growth

July 27, 2022 02:39 PM AEST | By Sonal Goyal

Telstra (ASX:TLS) collabs with Microsoft to drive Australia’s digital growth — Image source: © Tktktk | Megapixl.com

Details of the Microsoft and Telstra deal

As per the media release by Microsoft, the strategic partnership with Telstra is one of the largest partnerships that Microsoft has entered with a telecom provider globally.

Under the partnership, the companies intend to accelerate the digital transformation across Australia by combining the technological capabilities of both companies.

Microsoft said in a statement that under the extended agreement, it would explore boosting its capacity on Asia-Pacific subsea cable network of Telstra. This would allow the company to achieve end-to-end connectivity in the telecommunication routes in the Asia-Pacific regions and Australia.

Image source: © Wolterk | Megapixl.com

The company added that it is crucial to boost connectivity as the demand for remote working, online streaming, education and gaming has increased significantly over the past few years.

The media releases highlighted that the companies would collaborate to assist Telstra in migrating its IT to the public cloud. Microsoft Azure is the preferred cloud partner. Microsoft’s expertise would help Telstra achieve its T25 growth strategy ambition. Telstra aims to have around 90% of the applications on public cloud infrastructure by 2025.

Under the agreement, Telstra intends to offer new suites of offerings with Microsoft. These industry-based solutions are expected to help transform the way organisations look at cloud migration and hybrid working. Initially, the offerings would be focused on finance, utilities, agriculture, retail and manufacturing.

As a part of the agreement, the parties intend to collaborate on environmental, social and governance (ESG) areas to help Telstra meet its commitments and enhance sustainability outcomes in the nation.

Reportedly, in the coming months, the companies will work to finalise the scope of this strategic partnership.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.