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Telstra sale decided this month

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Australia is to decide later this month whether or not to sell its remaining stake in national telco Telstra.

Finance minister Nick Michin is travelling to meet European and Japanese investors after Easter. The Australian government owns 51.8 per cent of Telstra and Michin will gauge investors' appetite for the shares.

A government spokesman confirmed the tour was going ahead but would not confirm details. Michin is expected to brief cabinet members later this month.

Telstra shares are trading at an all-time low because of worries on regulation and price setting for rural access.

In other news, US trade representatives have complained about Telstra's proposal to set a national average price - Aussie regulators want four different price bands based on geography. More from The Australian here. ®

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