Senate vote leaves Telstra in limbo
Article Abstract:
Telstra is put in a difficult position by its need to bring in revenue in conflict with its duty as a public servant. The bill which would have mandated the sale of the government-controlled two-thirds of Telestra's stock was voted down. Telestra's universal service obligation is valued at $200 million in July 1998. Since the government is the largest shareholder, politics often influence Telestra's management.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
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Prime quits Argentina, but cries in New Zealand
Article Abstract:
Prime Television has sold its 50% stake in Argentina's Azul TV for $66 million. Prime will now repay some of its debt and then begin seeking an acquisition. Concerns are being raised about its New Zealand investment, which is not expected to be profitable until 2003.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2001
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