No Telstra fire sale

Despite a sweeping win at the polls on the weekend and a likely majority in the Senate which would give the government total legislative control in both houses of parliament, the IT and Communications Minister Helen Coonan told media today there would be no Telstra fire sale.

Such a decisive election win means the government can move ahead with the sale of Telstra without being blocked by Labor or the independents in the Senate.

However, Senator Coonan said there was no rush to offload the government's remaining holding in Telstra.

She told the AAP news service that the government wanted to make sure recommendations from the Estens Inquiry into telecommunications services in the bush were met before any sale went ahead.

"We are not interested in a fire sale, so we will have time to make sure the Estens inquiry recommendations are met," Coonan said adding that the government is keen to make sure there is value for shareholders.

As well as fulfilling the recommendations of the Estens inquiry, Telstra's share price is also likely to influence when the government decides to sell its stake in Australia's biggest telecommunications company.

But the sale is likely to continue to be opposed by Labor, the Australian Greens, the Australian Democrats, some members of the Nationals, farmers and consumer groups.

The conservative political group Family First, which is poised to gain a Senate seat in Victoria, also opposes the sale.

Family First federal leader Andrea Mason told ABC radio earlier today, "We do not support a full sale of Telstra."

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Sandra Rossi

Computerworld
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?