Telstra's A$33bn sale edges closer, banks vie for position

18 Aug 2005

Investment banks in Australia are preparing to ratchet up their efforts to win a slice of the expected A$33bn ($25bn) Telstra privatisation after the cabinet approved a A$3.1bn ($2.4bn) funding package for additional rural telecom services.

The government intends to sell its entire 51.8% stake ...

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