Telstra hands back $1.5b to investors after selling Autohome website stake

By Max Mason
Updated May 2 2016 - 7:13pm, first published 5:51pm
'Creating this type of shareholder value is in accordance with our capital management framework,' Telstra chief executive Andy Penn says.  Photo: Carla Gottgens
'Creating this type of shareholder value is in accordance with our capital management framework,' Telstra chief executive Andy Penn says. Photo: Carla Gottgens
Telstra chief executive Andy Penn is committed to investing in Asia. Photo: Darrian Traynor
Telstra chief executive Andy Penn is committed to investing in Asia. Photo: Darrian Traynor

Telstra will persist with its Asia growth strategy, despite its failed attempt to set up in the Philippines and the $2.1 billion sale of most of its stake in Chinese online car retailer Autohome.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Wodonga news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.