Telstra focuses on Asia

Telstra (ASX: TLS) announced earnings today, boosting full year profit and beating subscriber growth estimates. But the telecommunications company is always on the lookout for opportunities, and today’s appointment of Chin Lim to its board points to future growth prospects in Asia.

Mr. Lim will serve as a nonexecutive director from his base in Singapore, where he is currently managing partner of venture capital firm Stream Global. He’s no stranger to the tech world, and has held positions with Hewlett Packard, Sun Microsystems, and BT Global Services throughout the Asia Pacific region.

“Chin Hu Lim has a significant range of skills and experience to bring to the Telstra Board from the perspectives of technology, geography, healthcare, venture capital and broader pan-Asian business,” said Chairman Catherine Livingstone in a statement today. “It is essential the Board continue to evolve its skills and diversity base to reflect the needs of the business and the interests of shareholders. We are very pleased Chin Hu will join us.”

For Mr. Lim’s part, the new board member is excited to take up Telstra’s challenge: “Telstra is a successful Australian telecommunications and technology company developing its presence across Asia and I’m delighted to become part of that expansion.”

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Motley Fool contributor Justin Loiseau has no position in any stocks mentioned in this article. You can follow him on Twitter @TMFJLo.

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