T3 float promotion up and running

THE federal government launched a $20 million advertising blitz to sell its T3 share offer launch and prospectus release this week. The government released the first instalment of its $8 billion T3 float, with retail investors offered $2 per Telstra share. Existing Telstra shareholders will be offered an extra sweetener, with an entitlement to one T3 share for every two they own. Retail investors will receive one bonus loyalty share for every 25 shares they purchase in T3 and hold until the final instalment due date.

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