Business Services Industry
TELSTRA BEGINS MAILOUT OF SHARE BUYBACK OFFER.
AsiaPulse News, October, 2003
SYDNEY, Oct 24 Asia Pulse - Telstra Corp Ltd (ASX:TLS) has begun mailing details of its jumbo-size share buyback to 1.8 million investors, predicting the program will be a success.
Telstra said it was sending shareholders, in Australia and overseas, a brochure with details of the off-market tender process, which runs from November 3 to November 21.
"Early feedback has been very positive and we are confident that the program will be a success," chief executive Ziggy Switkowski said.
Dr Switkowski said that all shareholders would have nearly one month to review the booklet and consult their financial advisers.
"We hope to have completed the mail out by the end of October, and will be able to address shareholder queries at the annual general...
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