Telstra Group Limited (ASX:TLS) will look for M&A. Michael Ackland Chief Financial Officer said, "Across our portfolio, we will evaluate growth opportunities or exit investments depending on their alignment with our strategy, the impact on ROIC, flexibility or the ability to unlock value. We will continue to apply our previously communicated financial criteria for organic and M&A opportunities. Our immediate priority areas are in digital infrastructure domestically, international subsea and further scale and capabilities in tech services, including cloud and security".