BIG SHOT, The Australian, 19 October, 2006.
BIG SHOT: [1 All-round Country Edition]
Kevin Andrusiak, John Stapleton. The Australian [Canberra, A.C.T] 19 Oct 2006: 24.
Abstract
As the broker roadshow ahead of the $8 billion T3 float winds to a halt, [Sol Trujillo] is getting close to the nub of what Telstra is all about by whipping out his mobile phone to show those charged with selling the T3 stock to their clients just how enthusiastic he is about the company's Next G network.
As he left the plush offices of financial services provider ABN AMRO in Phillip Street, Sydney, where he had been speaking as part of his T3 roadshow, Trujillo was asked how he thought it was going. "I don't think anything has been sold yet," he said.
Meanwhile, index service provider Standard & Poor's has revealed that it intends to treat the instalment warrants in the T3 float alongside normal Telstra stock in index calculations.
Full Text
IS that a mobile phone in Sol Trujillo's pocket, pictured, or is he just glad to see brokers ahead of the T3 float? Alas, it's only a phone.
As the broker roadshow ahead of the $8 billion T3 float winds to a halt, Sol is getting close to the nub of what Telstra is all about by whipping out his mobile phone to show those charged with selling the T3 stock to their clients just how enthusiastic he is about the company's Next G network.
"He loves to pull out the mobile phone and show everyone how to pull up Foxtel," one broker said.
Sources close to the roadshow said the Sol show was going smoothly.
Brokers were hitting the Telstra boss with questions on the outlook for dividends and the regulatory environment.
Sol was responding with an upbeat outlook for next year when capex requirements would fall, freeing up cashflow. As for the regulator, he told them that they had spent oodles on infrastructure, which is what Australian Competition and Consumer Commission chairman Graeme Samuel wanted.
As he left the plush offices of financial services provider ABN AMRO in Phillip Street, Sydney, where he had been speaking as part of his T3 roadshow, Trujillo was asked how he thought it was going. "I don't think anything has been sold yet," he said.
Asked if he would recommend the shares to his mother, he said he could only make recommendations.
"All I can do is talk about the company and all the relevant information," he said. "It was an interesting and energised meeting."
Broker-firm bids are due in today with the allocation announced on Sunday.
Meanwhile, index service provider Standard & Poor's has revealed that it intends to treat the instalment warrants in the T3 float alongside normal Telstra stock in index calculations.
About 2.15 billion instalment receipts will flood the market on November 23. The ruling means they will be added in the list of the top 20 companies -- S&P 20 -- on the Australian share market.
Shares allocated to the Future Fund will not be considered for inclusion in any index while they remain in escrow.
"Ample notice is being provided to the market, given the significance of this event, thereby providing industry stakeholders with a reasonable period in which to absorb the prescribed course of action," S&P said yesterday.