What did the Federal Government sell Telstra for to put into the government superannuation scheme?
It's now worth $47.58 Billion
| $4.05 | Change
0.020(0.50%) | Mkt cap !$47.58B |
In T1, the government sold one third of its shares in Telstra forA$14 billionand publicly listed the company on the Australian Stock Exchange. In 1998, a further 16% of Telstra shares were sold to the public, leaving the Australian government with 51% ownership.
Formerly:List: Australian Telecommunications ...
Headquarters:Telstra Corporate Centre; Melb..
T2 shares first listed on 18 October 1999. Retail investors paid$4.50and institutional investors paid $4.75 for the first instalment. The second instalment was $2.90 for retail investors (giving a final price of $7.40) and $3.05 (giving a final price of $7.80) for institutional investors.
not much progress in capital gain, and seems like many institutions might still be carrying huge losses
(20min delay)