New Telstra chief says no to asset sale

13 Jun 2005

Sol Trujillo, the newly appointed chief executive of Telstra, has said he will not support plans to separate the company’s wholesale and retail arms and sell off certain businesses, as has been suggested by the government, claiming that other companies have tried unsuccessfully to sell off parts of their business. Trujillo will lead Telstra through its AUD30 billion (USD22.8 billion) privatisation in 2006.

Australia, Telstra (incl. Belong)