Telstra Corporation Limited

Telstra's New Deal
After six months of negotiation, the final terms of the Telstra-PCCW deal are out. Webb-site.com takes you behind the numbers and tells you what the press release didn't say. (13-Oct-00)

What Price Mobile?
We examine the price on the mobile phones in the Telstra-PCCW deal, and find a huge premium to listed competitors Smartone and Sunday. We also look at how the HK Government's pending decision on 3G will affect all players. Finally Webb-site.com walks the Telstra board through some of the many alternatives to an over-priced deal with PCCW. (2-Oct-00)

End Game for PCCW
We examine the collapse in the price of PCCW and the self-inflicted situation of Cable & Wireless. We ask whether the Telstra convertible loan note could be repriced again, and ask what has happened to the planned funding from Hicks Muse Tate and Furst. Finally, we tell you why we've spent so much time on this company in the first place. (21-Sep-00)

Behind the Telstra Deal
PCCW has begun to dismember C&W HKT even before it has bought it. Lining up a deal with Telstra yesterday, it will sell 40% of the mobile phone operations and borrow US$1.5bn in a subordinated convertible loan from Telstra. We take a look at the terms of the transaction, and update our valuation of PCCW with and without HKT, to take account of the slide in the market prices of its internet portfolio. (13-Apr-00)

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