Government considers auction for Telstra stake

3 Mar 2005

The Australian government is currently looking into ways to sell its 51.8% stake in the country’s dominant telco Telstra, and has considered using an auction for the process, according to Communications Minister Helen Coonan. The government’s stake is worth around AUD34 billion.

In a separate story, Telstra has announced the launch of a trial voice-over-IP (VoIP) service in 200 households in Victoria. The operator said the test will be completed in mid-April, with a commercial service expected to be launched by the second half of the year. The trial uses IP-based soft-switches which provide users with multiple phone lines and call control features.

Australia, Telstra (incl. Belong)