Telstra No Ooyala No More

In the country of media moguls, who would be a telco monopoly ?

Australia is a strange place with strance laws and regulations thta has reinvented newspapers, cricket and broadcasting through its native sons.

But it was also horribly slow to get anywhere near the internet age. And you can understand why. It's a big place. That's lots of cables for outback settlements of a few people. That's expensive (unless the location is delivering tens of millions in uranium or similar...).

So why they bought Ooyala, a company with only a small footprint in the country, for $500m was well beyond me. Now Telstra has a less expansive strategy apparently and have written down their massive invetsment to nothing and let the management buy it back.

Clever old Ooyala. Stupid old Telstra.