Telaid is a global company providing telecommunications services to the global telecommunications market, including VoIP, video and other applications, over its extensive network.
Telaid has been a valued player in the telecommunications market since 2005, when it was bought by the state-owned company NTN Telstra for $1.6 billion.
But Telaid had a mixed debut, and its stock price has fallen sharply in recent years.
“Telaid’s performance in recent quarters is mixed and is down on the results of the previous quarter and the second quarter of 2015,” analyst Mark Wicks wrote in a note to clients last week.
Telaid declined to comment.
Telesur is the market leader in the video-on-demand market, which has a large audience, including the Australian Broadcasting Corporation and the US cable TV industry.
The company is also the world’s third-largest telesource by subscribers and a key player in Australia’s cable TV market.
Telstra said last month that it was selling its video-broadcasting business to Telesures for $2.5 billion.
The telesources deal with TelesUR means Telesources would have a larger footprint in the Australia and New Zealand markets and its own network of video-streaming and VoIP services, and more access to the domestic and international markets.
It would also give Telesurs the opportunity to add video-calling, video-messaging and voice-over-Internet-protocol (VoIP) services to its portfolio of services.
The telesourcing deal was completed last week, and is expected to close in the third quarter of 2019.
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