JenM7
Level 2: Rookie

Questions about Telstra as a business

Answered

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 

 

 

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Jupiter
Level 25: The Singularity
Level 25: The Singularity
Accepted Solution

Re: Questions about Telstra as a business

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.

Never be afraid to back yourself when trying new things, just always make sure you have 3 escape routes if things go wrong.

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cf4
Level 24: Supreme Being
Level 24: Supreme Being

Re: Questions about Telstra as a business

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

Jupiter
Level 25: The Singularity
Level 25: The Singularity
Accepted Solution

Re: Questions about Telstra as a business

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.

Never be afraid to back yourself when trying new things, just always make sure you have 3 escape routes if things go wrong.

View solution in original post

JenM7
Level 2: Rookie

Re: Questions about Telstra as a business

Awesome! Thanks so much for clarifying this. Very helpful 

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