Australian investors eye Telstra sale details

The Australian federal government will today launch the prospectus for the third sell-off ('T3') of its Telstra shares.

Potential investors will receive the prospectus today, ahead of the share offer on October 23.

The government plans to sell A$8 billion worth of its shares over the next two months and keep the rest in the Future Fund to be sold down over time.

Telstra's shares are worth about half of what they were when T2 was sold seven years ago.

They have since gained about 8 per cent, closing at A$3.83 on Friday.

A A$20 million Government-funded advertising campaign about the T3 sale also begins today.

- RADIO AUSTRALIA