Neto acquisition will expand Telstra’s e-commerce market presence

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[1] Telstra has bought local online e-commerce platform Neto, boosting its position in the online retail market.

[2] In the agreement, Telstra will have the majority stake in the Brisbane-based company, but the transaction details have not yet been disclosed.

[3] Neto was launched in 2011 and offers a cloud-based e-commerce solution that enables small to medium sized retailers and wholesalers to seamlessly establish an end-to-end online store.

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[Source] Australian Information Technology News – Neto acquisition will expand Telstra’s e-commerce market presence