DataRoom AM: Telstra's bitter pill

Telstra's sale of Sensis for such a low price will likely leave a bad taste in shareholders’ mouths, while Fusion Retail dismisses talk that it may look to float in the near term.

Telstra Corporation shareholders have reason to feel aggrieved at the lowball price the company received for its struggling directories business. It may be the wise way to cut its losses, but it is no elixir for the mistakes of years’ past.

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