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Telstra People
Telstra Group Limited is an Australian telecommunications company that builds and operates telecommunications networks and markets related products and services. It is a member of the S&P/ASX 20 stock index, and is Australia's largest telecommunications company by market share. Telstra has a long history in Australia, originating together with Australia Post as the Postmaster-General's Department upon Federation of Australia, federation in 1901. Telstra had transitioned from a state-owned enterprise to a fully Privatization, privatised company by 2006. History Australia's telecommunications services were originally controlled by the Postmaster-General's Department (PMG), formed in 1901 as a result of Australian Federation. Prior to 1901, telecommunications were administered by each colony. On 1 July 1975, separate commissions were established by statute to replace the PMG. Responsibility for postal services was transferred to the Australian Postal Commission (Australia Pos ...
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Telstar
Telstar refers to a series of communications satellites. The first two, Telstar 1 and Telstar 2, were experimental and nearly identical. Telstar 1 launched atop of a Thor-Delta rocket on July 10, 1962, successfully relayed the first television pictures, telephone calls, and Radiofax, telegraph images through space. It also provided the first live transatlantic television feed. Telstar 2 was launched May 7, 1963. Telstar 1 and 2—though no longer functional—still orbit the Earth. Description Belonging to AT&T Corporation, AT&T, the original Telstar was part of a multi-national agreement among AT&T (USA), Bell Labs, Bell Telephone Laboratories (USA), National Aeronautics and Space Administration, NASA (USA), General Post Office, GPO (United Kingdom) and the Orange S.A., direction générale des Télécommunications (France) to develop experimental communications satellite, satellite communications over the Atlantic Ocean. Bell Labs held a contract with NASA, paying the ag ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ...
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