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November 24, 1995

TELSTRA WANTS IN ON IBM SERVICES CO DOWN UNDER

By CBR Staff Writer

IBM Australia Pty Ltd already has only 65% of its Integrated Systems Solutions Co in Australia, with Lend Lease Corp holding the rest, and now Australian state-owned telecommunications company Telstra Corp wants to muscle in on the party and take a minority equity stake in the facilities manager and systems integrator, the Australian Financial Review reported, suggesting that the carrier is in advanced negotiations with IBM to take a stake in the company.

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