Telstra Corporation Limited (AU:TLS) has released an update.
State Street Corporation and its subsidiaries have become a substantial holder in Telstra Group Limited, acquiring a 5% voting power with 577,571,060 ordinary shares as of April 16, 2024. The acquisition details, including consideration paid for the shares within the previous four months, are outlined in various annexures of the notice. This strategic move by State Street could signal growing investor confidence in Telstra’s market position.
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