Aussie banks likely to handle Telstra sale

Oct 13, 2005

Australia will likely turn to panels of bankers to manage the government's divestiture of its $20 billion stake in telecom giant Telstra.

The Financial Times said Thursday that officials said four such panels would likely be named with the lucky winners announced next month and the privatization program completed by 2007.

Government officials told the newspaper that having a large number of banks signed up allows for more flexibility in developing hybrid debt products and other arrangements to meet changes in the world financial markets during the coming months.

In the meantime, political considerations remain a wildcard. One particular concern is that taking the government out of Telstra's operations could lead to reductions in service in Australia's vast rural regions, particularly in broadband and other data services.

Copyright 2005 by United Press International

Explore further: Study: Apple's new iPhones score big in durability

add to favorites email to friend print save as pdf

Related Stories

China panel fires adviser over Qualcomm tie (Update)

Aug 14, 2014

A panel that advises China's Cabinet on anti-monopoly policy has fired an economist who was paid to help prepare a report for Qualcomm, a U.S. company that is the target of a pricing investigation, according to state media.

Obama renews solar bid despite setbacks

May 09, 2014

President Barack Obama praised Friday measures taken by his administration to develop solar energy in the United States, despite attacks and setbacks from his Republican opponents.

Ikea buys wind farm in Illinois

Apr 15, 2014

These days, Ikea is assembling more than just furniture. About 150 miles south of Chicago in Vermilion County, Ill., the home goods giant is building a wind farm large enough to ensure that its stores will never have to buy ...

Cost of fighting warming 'modest,' says UN panel

Apr 13, 2014

The cost of keeping global warming in check is "relatively modest," but only if the world acts quickly to reverse the buildup of heat-trapping gases in the atmosphere, the head of the U.N.'s expert panel ...

Recommended for you

Oculus unveils new prototype VR headset

Sep 20, 2014

Oculus has unveiled a new prototype of its virtual reality headset. However, the VR company still isn't ready to release a consumer edition.

Wireless sensor transmits tumor pressure

Sep 20, 2014

The interstitial pressure inside a tumor is often remarkably high compared to normal tissues and is thought to impede the delivery of chemotherapeutic agents as well as decrease the effectiveness of radiation ...

Tim Cook puts personal touch on iPhone 6 launch

Sep 20, 2014

Apple chief Tim Cook personally kicked off sales of the iPhone 6, joining in "selfies" and shaking hands with customers Friday outside the company's store near his Silicon Valley home.

User comments : 0