Australia's Telstra eyes online acquisitions

MELBOURNE (Reuters) - Telstra Corp Ltd, Australia's largest phone company, said it was interested in making acquisitions in online businesses in China, India and elsewhere in the region to complement its fast-growing SouFun business.

"We're interested in finding ways of to grow shareholder value, leveraging the competencies we have built. It could be China, as it is with SouFun, it could be other markets," Chief Executive Sol Trujillo told Reuters in a telephone interview.

"China is a big market and there's a lot of opportunity, not only there but also big countries like India and the whole region."

SouFun.com is China's top real estate and home furnishing Web site, acquired by Telstra in 2006.