Business Services Industry
Money well spent for first T3 winners.
Australasian Business Intelligence, November, 2005
Byline: Tony Boyd
Nov 27, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Australian investment banks keenly contested the contracts to manage the Australian Government's full privatisation of Telstra.
ABN Amro Rothschild, UBS and Goldman Sachs JBWere ultimately secured the lucrative contracts, after vying with five other
investment banks. It is estimated that bidders would have spent between $A1m and $A5m on their pitches to the Government. UBS is believed to have been working on its bid for the "T3" contract for about five years. Some rivals have expressed surprise that ABN Amro was one of the successful bidders, while
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