The Australian Federal Government has indicated that it is to sell a further third of its 51% shareholding the the national telecommunications carrier, Telstra.
The remaining two thirds well be transferred to the government's "Future Fund", to be sold down over time.
Whilst the Telstra share price is presently kept buoyant by high dividends, the pool of about one third of the company's shares in the Future Fund, selling into the market, may well provide a long term depressant to the stock.