Feeds

Aussie PM airs Telstra sale doubts

Won't be flogged at just any price

Top 5 reasons to deploy VMware with Tegile

The Australian Government is not prepared to flog its 51.8 per cent stake in incumbent telco Telstra if the price isn't right, according to Aussie PM John Howard.

Telstra's share price has been under pressure lately over uncertainty about the future of the telco and regulatory concerns. These doubts have led some onlookers to question whether the Government should proceed with its sale plans.

Speaking yesterday, Howard said the Government wouldn't sell its slice of the telco at any price.

"We're not in the business of selling at any cost...just for the sake of getting it off our books," Howard told ABC Radio. "That would not be sensible."

Instead, he went on to say that the government would sell "at the time and in a manner that's best calculated to help the company and help the shareholders".

Last autumn the Australian Senate backed plans to flog the Government's stake in the business despite a concerted campaign by opposition MPs and trade unions. A final decision as to whether the Government proceeds with the A$24bn (£10bn) sale is expected within the next couple of months. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.