No change for investors out of Telstra's second call

Article Abstract:

A decrease in worldwide telecommunications stock prices has caused the share price of Telstra Corporation Ltd. to stagnate during its second share offering. However, Telstra 2 shares employ the "greenshoe" system, whereby fund managers may issue up to 144 million more shares to institutional investors when the share price dips below $4.50. The government has set a share price of $7.80 for institutional investors on Telstra 2.

World, Planning, Influence, International economic relations, Institutional investments

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Telstra hangs on for that overseas call

Article Abstract:

Telstra Corporation is listing Australian $2.1 billion in shares beginning October 18, 1999 in the wake of dampened enthusiasm for the Telstra 2 float. Telstra executives hope its strategic vision, which includes promoting the company as an Internet-based telecom, will convince fund managers that its shares are are worth the price.

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Telstra's clear line

Article Abstract:

Issues concerning Australian telecom company Telstra's volatile share price are discussed.

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