Original article by David Ramli
The Australian Financial Review – Page: 23 : 19-Aug-14

Australian telco Telstra is pursuing a strategy under CEO David Thodey of diversifying into technology start-ups, to prepare itself for the loss of revenue from the traditional telephony business. It has set up the muru-D incubator in Sydney and lifted its stake in US-based online video software provider Ooyala from 23% to 98% for $US270m ($A289m). Both will now be housed in the newly-incorporated Telstra Software Group entity, where the board consists of global enterprise and services group executive Brendon Riley, strategic finance group MD Cynthia Whelan and muru-D co-founder Charlotte Yarkoni

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, TELSTRA SOFTWARE GROUP PTY LTD, MURU-D PTY LTD, OOYALA INCORPORATED, SINGTEL OPTUS PTY LTD, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT, SINGTEL INNOV8 PTE LTD, GARTNER GROUP INCORPORATED, WHATSAPP INCORPORATED, SKYPE TECHNOLOGIES SA, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION