UBS will draw on its successes with China Telecom, Star Hub and Peoples Phone when it reviews the third and final sale of Telstra shares in Australia worth an estimated A$32 billion.
On Tuesday, UBS and Caliburn Partnership were appointed by the Australian government to conduct a scoping study into the possible sale of its remaining 51.8% shareholding in the national telco.
The appointment does not guarantee UBS a role in the actual sale but certainly gives it a leg up, making it a favourite for the global co-ordinator role which is likely to generate fees of between A$20 million and A$50 million.
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