Telstra in $750m buyback
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By staff writers and wires. THE nationn&#39;s biggest telco, Telstra Corp, is offering shareholders up to $4.65 per share in a off-market buyback worth $750 million.
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Temasek, the investment arm of the Singapore government, has been granted an option to take a 4.99 per cent indirect stake in Bharti Airtel, India&#39;s leading mobile phone operator, that could be worth about $2bn based on current market prices.
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Qwest Communications International Inc.  on Wednesday said it will buy back up to $2 billion worth of its stock, but disappointment over a lack of a dividend announcement weighed on the phone company's stock after the bell.
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This will be accomplished through a share buy-back plan in Australia, where 40% of the company&#39;s shares are held. because of the tax breaks they enjoy on such sales.
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The four networks have been bought by consortia which include Scottish &amp; Southern Energy and United Utilities. Transco said that it would return about Â£2bn to shareholders following the sale and would increase its dividend for the current year by 20%.
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LONDON, October 25  - Marks &amp; Spencer (MA6.ETR) has claimed robust investor demand for its Â£2.3 billion share buyback programme, which has been priced above the market expectations at 362p per share.
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SYDNEY: Telstra showed its long-serving CEO the door on Wednesday as the Australian government gears up for the A$30bn ($23bn) full privatisation of the countryâs biggest telecom group.
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LONDON -- Britain's Vodafone Group PLC has agreed to buy a 67 percent controlling interest in Hutchison Essar Ltd., one of India's leading cellphone companies, for $11.1 billion, Vodafone said yesterday.
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XSTRATA saw its shares fall 1.4 per cent yesterday after the London-listed miner said it was taking its A$7.4 billion (Â£3.12bn) offer for Australiaâs WMC Resources hostile, following a rebuff from the WMC board last month.
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The Australian dollar may gain after Switzerland-based Xstrata Plc bid A$7.4 billion ($5.8 billion) for WMC Resources Ltd., stoking speculation it will have to buy dollars to pay shareholders.
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SYDNEY: Australia&#39;s dominant telecommunications firm, Telstra, has unveiled details of a 750 million dollar (532 million US) off-market share buy-back as part of a three-year, 4.5 billion dollar capital management program.
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ERICSSON Australia Pty Ltd has been chosen to supply and service Telstra Corp Ltd&#39;s 3G mobile capacity for the next five years.
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AT&T said it will invest more than $750 million this year in 200 initiatives for its global network infrastructure and retail and wholesale IP services.
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Australian Prime Minister John Howard said yesterday&#39;s invitation for proposals from investment banks on how to sell the government&#39;s A$32 billion ($24 billion) stake in Telstra Corp.
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BHP Billiton, the world&#39;s biggest miner, will buy back as much as A$1.5 billion ($1.6 billion) of its Australian stock as part of a plan to return profit from soaring commodity prices to investors.
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Swisscom  has agreed to  repurchase a 25 percent stake in Swisscom Mobile from British  mobile phone company Vodafone  for 4.25 billion Swiss  francs ($3.48 billion), in a long-awaited deal.
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Deutsche Telekom plans to buy back its internet business T-Online, four years after floating it on the stock market at the height of the dotcom boom.