General Announcement::Telstra completes acquisition of Ooyala

Issuer & Securities

Issuer/ Manager: TELSTRA CORPORATION LIMITED
Securities: TELSTRA CORP A$50M6.93%N231219 - XS0719512609 - 7WAB
TELSTRA CORPA$140M6.08%N220525 - XS0783674236 - 2DZB
TELSTRA CORPEUR75M4.01%N231220 - XS0719492224 - 7WBB
Stapled Security: No

Announcement Title: General Announcement
Date &Time of Broadcast: 01-Oct-2014 07:22:29
Status: New
Announcement Sub Title: Telstra completes acquisition of Ooyala
Announcement Reference: SG141001OTHRAXB4
Submitted By (Co./ Ind. Name): Gina Trainor
Designation: Office of the Company Secretary
Effective Date and Time of the event: 01/10/2014 17:00:00
Description (Please provide a detailed description of the event in the box below): Telstra today announced it had completed the acquisition of Ooyala, a leader in video streaming and analytics.

Telstra announced on 12 August 2014 its acquisition of Ooyala subject to customary closing conditions including the receipt of US regulatory approval, which was granted on 4 September 2014 (AEST). As announced at that time, following completion Telstra holds 98 per cent of the company.

Ooyala enables broadcasters, operators and media organisations to deliver digital TV and video content, across any device to mass audiences, using analytics to provide recommendations, personalised content and advertising to the end user.

Ooyala is a subsidiary of Telstra and will operate as an independent business, retaining its brand, structure and management under the Telstra Software Group.

Total size =105K