Telstra wants to speed up its growth in the IT space following the acquisitions of NSC Group and IPscape.
The telco's adventures in the channel come under the banner of its Network Applications and Services (NAS) group.
According to Telstra's AGM presentation, its cloud services grew by 33 percent in the past financial year.
Telstra revealed the acquisition of NSC Group in August; 230-staff NSC is one of 10 largest systems integrators in Australia, reporting $62 million in revenues for the 2010 CRN Fast50.
Catherine Livingstone, chairman of Telstra, told shareholders: "The challenge for us is to accelerate the capacity of NAS to continue growing, by making strategic investments such as our acquisitions of the North Shore Communications [NSC] Group and IPscape.
"We have adopted a similar approach to growing our International business, making strategic investments in facilities such as a new data centre in Singapore, and cloud-enabled nodes in Singapore and Hong Kong."
Livingstone also nodded to the other growing part of Telstra's IT portfolio – e-health.
"In this context, we have acquired stakes in HealthEngine, DCA Health, IP Health and Fred IT," she said.
In an earlier statement, Telstra head of health Shane Solomon said: "Community pharmacies play a vital role in providing services and advice to millions of Australians and Fred IT Group is at the leading edge of companies offering e-health solutions to the community, GPs and pharmacists."
Telstra is not alone in the telco space pushing into more traditional enterprise IT.
Vita Group, which runs Telstra Stores across the country, bought Camelon IT only last month.
Meanwhile, iiNet told CRN back in August that it would be focusing on acquisitions in the B2B IT space in 2014.
Telstra on IT acquisition trail
October 2013 Fred IT
August 2013 North Shore Communications (NSC) Group
August 2013 DCA Health
August 2013 IP Health
May 2013 HealthEngine
July 2012 IPscape