Macquarie eyes Telstra stake, papers say

24 Jul 2006

Macquarie Bank, Australia’s largest investment bank, has declined to comment on local newspaper reports published over the weekend claiming that it was planning a bid for a stake in fixed line incumbent Telstra. Macquarie could buy shares in Telstra from the state and then refinance the company’s main business while selling some of its assets, The Melbourne Age reported, without citing sources. The government is currently considering how to proceed with its much delayed sale of its remaining 51.8% stake in Telstra.

Australia, Telstra (incl. Belong)