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TELSTRA CORP TO SELL INFO TECH UNIT KAZ GROUP.
SYDNEY, March 2 Asia Pulse - Australia's biggest telecommunications company, Telstra Corporation Ltd (ASX:TEL), will sell its information technology services unit, KAZ Group, to Fujitsu for $A200 million ($US127.3 million).
The purchase of KAZ would make the Tokyo-based Fujitsu the third-biggest IT company in Australia, employing nearly 5,000 people, the companies said in a statement on Monday.
Telstra's enterprise and government unit managing director David Thodey said that the Melbourne-based company was selling KAZ because IT services were no longer a core part of its ...
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Source: HighBeam Research, TELSTRA CORP TO SELL INFO TECH UNIT KAZ GROUP.