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Article: Telstra Takes Equity Stake in WorldPartners Company.
- Article from:
- Business Wire
- Article date:
- June 18, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYDNEY, Australia--(BUSINESS WIRE)--June 18, 1998--Telstra announced today that it will take a 10 percent equity stake in the WorldPartners Company global telecommunications alliance.
Telstra is the fifth owner of the WorldPartners Company, joining AT&T (36 percent), KDD (18 percent), Unisource (18 percent) and Singapore Telecom (18 percent).
The WorldPartners Association is an alliance of the world's leading communications carriers who provide global seamless communications services to the world's largest companies.
Lindsay Yelland, Telstra's Group Managing Director, Products and Marketing, said Telstra's equity stake in the ...