US investors interested in Telstra stake

24 May 2005

A number of institutional US investors have expressed interest in acquiring shares in Australian incumbent Telstra, following a recent visit to the US by Australian Finance Minister Nick Minchin. Minchin said that a number of unnamed merchant banks in the US have expressed a significant interest in entering the Australian market, and are keen to know who will be appointed as the new Telstra CEO when Ziggy Switkowski retires, a decision which is likely to be made in the next few weeks.

Australia, Telstra (incl. Belong)