UBS to draw on Asian deals for Telstra 3 study

Members of UBS''s Asia team will work on the scoping study for the Australia government.

UBS will draw on its successes with China Telecom, Star Hub and Peoples Phone when it reviews the third and final sale of Telstra shares in Australia worth an estimated A$32 billion.

On Tuesday, UBS and Caliburn Partnership were appointed by the Australian government to conduct a scoping study into the possible sale of its remaining 51.8% shareholding in the national telco.

The appointment does not guarantee UBS a role in the actual sale but certainly gives it a leg up, making it a favourite for the global co-ordinator role which is likely to generate fees of between A$20 million and A$50 million.

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