Privatization is a progression which transforms a government owned entity /business ,issued a commercial license which is open to competition and finally transformed into private ownership.
In the Australian history Telstra Corporation limited was the largest public share issue by common wealth government and was the continuation of previous successful privatizations by the govt.held in 1990s, keeping in mind the growth and progress of Australian economy by this massive arrangement
1. Privatization of Telstra will increase market competition, waive monopoly and hence lower telecommunication prices for consumers making Telstra more responsive to consumers and to compete the rapidly altering environment
2. It will also increase coverage of telecommunication
In the Australian history Telstra Corporation limited was the largest public share issue by common wealth government and was the continuation of previous successful privatizations by the govt.held in 1990s, keeping in mind the growth and progress of Australian economy by this massive arrangement
1. Privatization of Telstra will increase market competition, waive monopoly and hence lower telecommunication prices for consumers making Telstra more responsive to consumers and to compete the rapidly altering environment
2. It will also increase coverage of telecommunication