Aussies seek input on Telstra sale

Apr 07, 2006

Australian Finance Minister Nick Minchin will visit European and Japanese investors later this month to discuss the proposed sale of telco Telstra.

Minchin wants to get an idea of how much interest there is in world financial circles in the planned sale of the government's 51.8-percent stake in Telstra.

The trip, which will take Minchin to Tokyo and London, will take place after Easter and comes on the heels of Prime Minister John Howard's statement Thursday that the Telstra privatization sale might not go through if only low-ball offers are received. The government is expected to make a recommendation next month on going through with the sale.

Telstra's luster was dimmed by a recent earnings slump due to the defection of its fixed-line customers to wireless and Internet Protocol communications. The Financial Times said Friday that analysts see a dip in stock dividends as share prices struggle.

Copyright 2006 by United Press International

Explore further: Simplicity is key to co-operative robots

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Sony's PlayStation 4 sales top seven million

2 hours ago

Sony says it has sold seven million PlayStation 4 worldwide since its launch last year and admitted it can't make them fast enough, in a welcome change of fortune for the Japanese consumer electronics giant.

Weibo IPO below expectations, raises $285.6 mn

2 hours ago

Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street.

'Chief Yahoo' David Filo returns to board

3 hours ago

Yahoo announced the nomination of three new board members, including company co-founder David Filo, who earned the nickname and formal job title of "Chief Yahoo."

Fired Yahoo exec gets $58M for 15 months of work

3 hours ago

Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.

User comments : 0

More news stories

Sony's PlayStation 4 sales top seven million

Sony says it has sold seven million PlayStation 4 worldwide since its launch last year and admitted it can't make them fast enough, in a welcome change of fortune for the Japanese consumer electronics giant.

Robotics goes micro-scale

(Phys.org) —The development of light-driven 'micro-robots' that can autonomously investigate and manipulate the nano-scale environment in a microscope comes a step closer, thanks to new research from the ...

Biologists help solve fungi mysteries

(Phys.org) —A new genetic analysis revealing the previously unknown biodiversity and distribution of thousands of fungi in North America might also reveal a previously underappreciated contributor to climate ...