Telstra Corporation Limited
Telstra
April 1993 – November 2006
Previously Australian and Overseas Telecommunications Corporation Limited (1992–1993).
Australia's largest telecommunications company, providing fixed, mobile, internet and international services; majority owned by the Commonwealth until 2006.
Names over time
- Australian and Overseas Telecommunications Corporation Limited1992–1993
- Telstra Corporation Limited1993–2006
How it came into existence
The Australian and Overseas Telecommunications Corporation Limited was renamed Telstra Corporation Limited in April 1993, having already used the Telstra brand for its international business; its Act became the Telstra Corporation Act 1991.
Legislation: Telstra Corporation Act 1991
Changes during its life
- 1995Adopted the Telstra brand for its Australian operations, replacing Telecom Australia.
- November 1997First public share offer (T1) sold one-third of the company, which listed on the Australian Stock Exchange.
- October 1999Second share offer (T2) reduced the Commonwealth's holding to 50.1 per cent.
How it ended
Privatised: the third public share offer (T3) in November 2006 ended majority Commonwealth ownership, and the Commonwealth's remaining shares were transferred to the Future Fund in 2007.
Main functions
- Fixed-line telephone services
- Mobile telephone services
- Internet and data services
- International telecommunications
- Universal service obligation provider
Where it sits
Last in the portfolio of Department of Communications, Information Technology and the Arts.
Lineage
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Sources
Other sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.