In Brief: Macquarie Banks eyes Telstra stake

Jul 21, 2006

Macquarie Bank is reportedly interested in acquiring an interest in Telstra, possibly from the Australian government's stake in the national telecom.

The Sydney Morning Herald said the move could result in easier re-financing of some of Telstra's operations or a divestment of other assets.

Australia will next month announce plans for the sale of its 51.8-percent stake in Telstra. Regulations limiting foreign ownership in telcos to 5 percent could give Macquarie a leg up on any larger stake.

The Herald said Macquarie's involvement with Telstra would be similar to recent telecom acquisitions involving major banks in Germany and Ireland. Macquarie made an unsuccessful run at Hong Kong's PCCW.

Copyright 2006 by United Press International

Explore further: Verizon launches rewards program with tracking

add to favorites email to friend print save as pdf

Related Stories

Asteroid Vesta to reshape theories of planet formation

21 minutes ago

EPFL researchers have a better understanding of the asteroid Vesta and its internal structure, thanks to numerical simulations and data from the space mission Dawn. Their findings, published today in Nature, questi ...

Brain of world's first known predators discovered

21 minutes ago

An international team of paleontologists has identified the exquisitely preserved brain in the fossil of one of the world's first known predators that lived in the Lower Cambrian, about 520 million years ...

Organismal biologists needed to interpret new trees of life

1 hour ago

Rapidly accumulating data on the molecular sequences of animal genes are overturning some standard zoological narratives about how major animal groups evolved. The turmoil means that biologists should adopt guidelines to ...

Recommended for you

Verizon launches rewards program with tracking

Jul 21, 2014

Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their movements tracked ...

Verizon boosts FiOS uploads to match downloads

Jul 21, 2014

Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online.

The goTenna device pitch is No Service, No Problem

Jul 18, 2014

In the new age of Internet-based crowdfunding with special price offers, where startup teams try to push their product closer and closer to the gate of entry, goTenna's campaign offers a most attractive pitch. ...

Maths can make the internet 5-10 times faster

Jul 17, 2014

Mathematical equations can make Internet communication via computer, mobile phone or satellite many times faster and more secure than today. Results with software developed by researchers from Aalborg University ...

User comments : 0