Telecom sector should be viable to attract innovation, says Telstra CEO

Australia’s largest telecom player, Telstra, has ruled out making investments in India stating that the country already had a significant number of players.

Andrew Penn, CEO of Telstra, told BusinessLine that India has a very mature market. “There are significant players and we wouldn’t want to be an investor to build a network in India. We do serve India through submarine cable network for international traffic and also service some enterprise customers,” he said.

He added that the telecom sector needs to be healthy, vibrant and economically successful, especially in countries where the spectrum pricing is not viable.