Australia Introduces Laws To Sell Telstra
An AP newswire article, via Advanced IP Pipeline, reports that:
The government introduced legislation Thursday to allow it to sell former telecommunications monopoly Telstra Corp. and provide multibillion-dollar benefits for rural customers who fear that the privatization will harm their phone services.
Communications Minister Helen Coonan introduced two final bills into the upper house Senate Thursday to allow the largest privatization in Australia's history and reap the government an estimated 30 billion Australian dollars ($23 billion).
Three bills also associated with the sale of the government's 51.8 percent stake were introduced to the lower house Wednesday.
The government intends to use its majority in both houses to pass the bills into law by the end of next week.
posted by Fergie @ 9/08/2005 12:52:00 PM
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