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.