In Brief: Macquarie Banks eyes Telstra stake

July 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

Related Stories

Recommended for you

A not-quite-random walk demystifies the algorithm

December 15, 2017

The algorithm is having a cultural moment. Originally a math and computer science term, algorithms are now used to account for everything from military drone strikes and financial market forecasts to Google search results.

US faces moment of truth on 'net neutrality'

December 14, 2017

The acrimonious battle over "net neutrality" in America comes to a head Thursday with a US agency set to vote to roll back rules enacted two years earlier aimed at preventing a "two-speed" internet.

FCC votes along party lines to end 'net neutrality' (Update)

December 14, 2017

The Federal Communications Commission repealed the Obama-era "net neutrality" rules Thursday, giving internet service providers like Verizon, Comcast and AT&T a free hand to slow or block websites and apps as they see fit ...

The wet road to fast and stable batteries

December 14, 2017

An international team of scientists—including several researchers from the U.S. Department of Energy's (DOE) Argonne National Laboratory—has discovered an anode battery material with superfast charging and stable operation ...

0 comments

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.