Australia’s Telstra axes $4.4b fundraising plan after state partner’s veto

Photo: Reuters

Telstra Corp, Australia’s largest telecoms operator, dropped a plan to raise as much as A$5.5 billion ($4.4 billion) through an income securitization deal after a government-backed business partner rejected the move, sending its shares tumbling.

Continue reading this story with a subscription to DealStreetAsia.