- Strong Banks, Weak Credit: Treasury Rethinks TARP
- How Many US Consumers Will Shop this Weekend?
- Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior
- GE Capital Losses May See Dramatic Fall: JP Morgan
- Obama says Boosting US Jobs is Top Priority
- World's Largest Share Issue Priced at Deep Discount
- Hormel Profit Jumps Despite Declining Sales
- Heinz Profit Falls, Raises Full-Year View
- Playboy to Outsource Most Magazine Operations: Report
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- Gold Will Collapse Like Oil Did in 2008: Charts
- China Eastern to Complete Shanghai Air Buy by End '09
- Wave of Debt Payments Facing US Government
- JAL Slides to Record Low on Bankruptcy Jitters
- Prepare For Large Decline In Stocks, Next Year?
- Paul: Audit the Fed
- Nielsen Ratings Coming to Video Games
- The Social Media Gaming Threat
Text Size 
Australia's largest telecom Telstra said on Monday it would consider all its options if it received any takeover approaches.
There has been speculation among analysts in recent weeks that Telstra [TLS
Loading...
()
] could become the target of a private equity consortium following increased interest in telcos worldwide.
In an interview on CNBC's "Squawk Australia", Telstra Chief Executive Sol Trujillo said, "Obviously, I and the board will always be open to what is in the best interests of our shareholders,".
"Rather than answering a question that says, would you be open to a takeover, that's not really the point; the point is we're open to looking at all options as a board," he added.
Trujillo said he had not had any conversations with shareholders about the issue of a potential offer for the company.
Analysts have said the Australian government has provided a catalyst for a private equity takeover of Telstra, since the government's remaining 17% stake that is held by a special state pension fund can be sold after May 20 to a single "cornerstone" investor.
Trujillo declined to speculate on whether May 20 would be the catalyst for takeover activity.
"I don't look at things like that as being the driver of our business, performance is going to be the driver of our business," he said.
Telstra has a total market capitalization of A$64.8 billion (US$53.9 billion). Its shares have gained more than 24% over the past six months.
Print
Email
- A diet high in fat and sugar might actually be good for your portfolio.
- Warren Buffett and Bill Gates discuss the economy and other subjects with CNBC's Becky Quick.
- From the AIG&T to the Merrill Lychee, Jane Wells lists this year's fashionable holiday cocktails.
- One shopper explains why – aside from the prices – he gets up at 3am on the day after Thanksgiving to go shopping every year.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
Data is a real-time snapshot *Data is delayed at least 15 minutes