Ziggy leaves Telstra with a warning

4 Jul 2005

Outgoing Telstra CEO Ziggy Switkowski has warned the government that the telco is facing ‘rough times’, and has predicted a slowdown in revenue growth this year. The comments could hinder the government’s efforts to get a good price for the forthcoming sale of a 51.8% stake in the operator; it has said it may lift the limit on foreign ownership in Telstra from 35% to help its chances of getting a better price.

Australia, Telstra (incl. Belong)