Australia hits new Telstra privatization hurdles
Sunday, September 4, 2005 The Australian Government‘s plan for the full privatization of Telstra, Australia’s dominant telecommunications company, received criticism leveled at the government and company by executives. The government owns 51.8%, with the remaining 48.2% of Telstra stock held by shareholders, having been partially floated in the 1990s. Phil Burgess, senior executive, made comments […]
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