Australian telecommunications company Telstra Corp Ltd Chairman Donald McGauchie speaks during the announcement in Sydney October 9, 2006 of the federal government's sale of its remaining stake in the telco. The sale of 2.15 billion shares is expected to raise for the government about A$8 billion (US$6 billion), and is the largest public share offering in Australia since 1999 when the government raised A$16 billion (US$12 billion) from a previous sell-down of its stake in the company. REUTERS/David Gray (AUSTRALIA)