Questions about Telstra as a business

[JenM7]

Hey guys! I hope you are all well. 

I'm completing my year 12 HSC Business assignment on Telstra and was wondering if anyone could tell me whether Telstra is currently a public or private company. My textbooks were printed before they left the government which is making if hard to figure out. From what i can understand i think it's a public corporation due to it being listed on the stock exchange but would love for a second opinion.

Thanks,

James 

[cf4]

Telstra is a public company. It is not owned by the government or individual. It is owned by its shareholders.

[Jupiter · Accepted solution]

That must be an old textbook. Telstra was listed on the ASX in 1997 (and effectively became a public company at that point - although the Government owned 66.7% of the shares). By 2006, the Government had sold off all but a 17% stake in Telstra and that holding was transferred to the Future Fund. That shareholding has since been reduced to market weighting, which meant that Telstra became "fully" privatized (but a still a public company) by 2011.

[JenM7]

Awesome! Thanks so much for clarifying this. Very helpful