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: Colombia transforms old tires into green housing

Related Stories

Recommended for you

Colombia transforms old tires into green housing

2 hours ago

The highlands around the Colombian capital are scattered with small buildings that look like out-of-place igloos but are in fact innovative houses made from the tires that litter the country's roads.

LifePaint spray is Volvo's safety offer for cyclists

2 hours ago

For cyclists sharing the road at dark with cars and pedestrians, a useful motto is to stay safe by staying seen. Volvo, which continues to build on its brand of safety-first, has come out with LifePaint. ...

Tesla shares jump on Musk 'tease' in tweet

3 hours ago

Tesla Motors shares jumped Monday after co-founder Elon Musk tweeted that the company would unveil as "major" new product line next month, leaving analysts guessing.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.