Telstra selects UBS to advise on privatisation

30 Mar 2005

Telstra has chosen Swiss bank UBS as the advisor for its privatisation, beating Goldman Sachs, CSFB and ABN Amro. The bank will conduct a pre-privatisation ‘scoping’ study for the AUD22 billion (USD25 billion) sale of the 51.8% Telstra stake.

Meanwhile Telstra has exceeded its wireless broadband expectations, signing up 7,000 new customers to the service since it was launched in November 2004.

Australia, Telstra (incl. Belong)