By Chris Wright
 |
Telstra CEO Sol Trujillo’s outbursts before the T3 government sale have rattled politicians |
The on-again, off-again privatization of the Commonwealth of Australia’s remaining stake in national telecom company Telstra will go ahead. However, the acrimony surrounding the sale seems set to dog it to its conclusion. T3, as the sale is dubbed, will finally involve an A$8 billion (US$6 billion) stock offering to investors in October and November, dramatically less than the A$18.4 billion that was expected at one point but still Australia’s largest sale since 1999 and the largest telecoms offer in the world since 2003.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
