labor burns telstra shareholders., page-248

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JCoure

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17/06/25

11:13

Post #: 79460764
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Originally posted by Michaelirish: ↑

The Australian Labor Party (ALP) did not initiate the full privatisation of Telstra, but it played a significant role in setting the stage for its eventual sale under subsequent governments. Here’s a breakdown of the ALP’s involvement:
Corporatization Under Labor (1990s)
The ALP, under Prime Ministers Bob Hawke and Paul Keating, began transforming Telstra (then Telecom) into a corporatized entity in the early 1990s. This included rebranding Telecom as Telstra in 1993 and restructuring it to operate more like a private business, though it remained publicly owned11011.
Partial Privatization Under the Coalition (1997–2006)
The full privatisation of Telstra was carried out by the Liberal-National Coalition government under Prime Minister John Howard, who sold the government’s remaining stake in three stages (T1, T2, and T3) between 1997 and 20062610.
Final Sale Under Labor (2011)
The last remaining shares (held in the Future Fund) were sold by the ALP under Prime Minister Julia Gillard in 2011, completing Telstra’s full privatisation110.
Key Points:
The ALPdid not initiateTelstra’s privatisation but laid the groundwork through corporatization and market reforms110.
Thebulk of Telstra’s saleoccurred under the Howard government26.
Thefinal step(selling the Future Fund’s stake) was done by Labor in 20111.
For more details, you can refer to the sources discussing the ALP’s role in economic reforms and Telstra’s privatisation history11011.

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In any event, under the ALP, Telstra and its DEI Board and execs appear to have run out of steam as the TLS SP starts falling again.

Long way away from $7.40.
TLS Price at posting: $4.89 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $4.88		Change -0.015(0.31%)		Mkt cap ! $55.67B

Open	High	Low	Value	Volume
$4.89	$4.91	$4.86	$84.45M	17.30M

Buyers (Bids)

No.	Vol.	Price($)
1	736	$5.36

Sellers (Offers)

Price($)	Vol.	No.
$4.45	9	1

View Market Depth

No.	Vol.	Price($)
1	736	5.360
1	4210	5.260
4	22673	5.170
19	485098	5.130
15	1047834	5.110

Price($)	Vol.	No.
4.490	48717	2
4.510	1	1
4.580	140755	4
4.630	509496	22
4.640	150499	11

Last trade - 15.59pm 17/06/2025 (20 minute delay)

TLS (ASX) Chart

labor burns telstra shareholders., page-248

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labor burns telstra shareholders., page-248

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