Telstra wants to spread its wings in Asia and become a global leader in wireless technology, says Telstra chief executive David Thodey.
Mr Thodey believes the telco giant has to grow and be part of Asia.
"We want to be a great company in Asia," he told a Committee for Economic Development of Australia business lunch on Tuesday.
Mr Thodey told reporters later that Telstra already had a presence in Asia and would continue to invest and pursue opportunities in the region.
Telstra already has a joint venture with Telecom Indonesia.
The telco also has its sights set on becoming a global leader in software development, but wants to do it out of Australia.
Mr Thodey said Australia needed to do more to encourage innovation, but it was the responsibility not just of government but of everyone.
"If you could just capture the energy, I think this country could double its GDP (gross domestic product) - don't quote me on that," Mr Thodey said.
Mr Thodey said a country could not prosper just by saving.
It also had to grow by pushing the limits in a sensible way.
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