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ARTICLE ON MAJOR FEATURES RECENT OF PRIVATISATION
The privatisation of Telstra began on the 3rd of April when the government announced plans for one of the largest privatisations in the world, a proposed US26 Billion dollar sale for Telstra. Prime Minister John Howard declared that the completed Telstra sale would be a gain for "mums and dads" and "ordinary Australians" who would suppose benefit by purchasing thousands of shares. In reality, the float will produce a bonanza for big investors, finance houses and major companies. They stand to reap billions of dollars, at the direct expense of Telstra workers and house household ph…
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