Monday, February 7, 2011

Telstra : What happens when a Fund sell off 128Million shares ??


Telstra rushes to seal NBN Co deal before half-year results

Lucy Battersby
February 8, 2011 February 8, 2011
http://www.smh.com.au/business/telstra-rushes-to-seal-nbn-co-deal-before-halfyear-results-20110207-1ak73.html
The Future Fund told the Australian Securities Exchange it had sold 128 million Telstra shares on market since January 10, reducing its stake in Telstra to 6.76 per cent. The fund holds 841 million shares, down from 2.1 billion in February 2007.

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