Banks hand in tenders for Telstra sale

28 Sep 2005

Global investment banks and broking houses have submitted bids to manage the forthcoming AUD38 billion (USD21.2 billion) sale of a 51.8% stake in incumbent telco Telstra. The winners are expected to be announced in November, with the frontrunners being UBS, Goldman Sachs, Macquarie Bank, Deutsche Bank and Citigroup. The sale will take place some time in 2006.

Australia, Telstra (incl. Belong)