Year Name Type of ownership Comments 1992 Europe Telstra Europe 100% Telstra has been operating in Europe since 1992. Telstra Europe has a customer base of over 7000 customers, who buy data, voice and complex managed network and hosting services.[225] 2003 Hong Kong Reach Asian undersea cable 50% venture, with PCCW This partnership was created during the late 1990s telecommunications boom – it struggled and had its book value downgraded to zero by Telstra in February 2003.