Thursday, November 9, 2006

Australian Government Offers More Shares in Telstra

The Australian government, which owns more than half of Telstra, is hoping to raise more than A$8 billion through its third major public share offering in the company. The "T3 Offer" is the third tranche of shares offered in the company and follows other offers in 1999 and 1997. Shares are expected to begin trading later this monthhttp://www.telstra.com