More Products:
Telstra - Company Report
|
Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
Telstra is Australia’s leading telecommunications and information services company, offering a full range of services in these markets. Its main activities include the provision of: basic access services to most homes and businesses in Australia; local and long-distance telephone calls in Australia and international calls to and from Australia; mobile telecommunications services; broadband access and content; a range of data and Internet services; management of business customers’ information technology and/or telecommunications services; wholesale services to other carriers, carriage service providers (CSPs) and Internet service providers (ISPs); advertising, search and information services through Sensis; and, cable distribution services for FOXTEL’s cable subscription television services. Telstra owns 50% of cable operator FOXTEL, and its international businesses include interests in CSL New World Mobility Group (CSLNWM), Hong Kong’s leading mobile operator, TelstraClear Ltd, the second-largest full service carrier in New Zealand, and REACH Ltd, a provider of global connectivity and international voice and satellite services, as well as SouFun Holdings Limited, a leading real estate and home furnishings website in China. Telstra commenced its business in 1975 when it was separated to form an individual telecommunications entity called Australian Telecommunications Commission, or Telecom Australia. This company changed its name in 1983 to Telstra Corporation Ltd. As of September 1, 2006, the Commonwealth of Australia owned 51.81% of Telstra, representing 6,446,207,123 shares. The remaining shares are listed on the Australian Stock Exchange (ASX) and the New Zealand Stock Exchange. The company also has ADRs listed on the New York Stock Exchange. Telstra shareholders owning more than 5% of the company's shares, other than the Commonwealth, were National Nominees Ltd (8.40%), JP Morgan Nominees Australia Ltd (8.05%), and Westpac Custodian Nominees Ltd (6.58%). On October 9, 2006, the Commonwealth of Australia published a prospectus for the sale of 2,150,000,000 Telstra shares in a global offering to retail and institutional investors. If an over-allotment option is exercised in full, the offer size will increase by an additional 322,500,000 shares. Upon completion of the global offering, the Commonwealth intends to transfer to a newly-established Future Fund all of its Telstra shares not included in the offering. Assuming an offer size of 2.15 billion shares and no exercise of the over-allotment option, the Future Fund will hold approximately 35% of Telstra's outstanding shares following the completion of the global offering, or approximately 32% assuming full exercise of the over-allotment option.
This Company Intelligence Report was produced as part of
|
Order the 
Download the