Telstra CEO Sol Trujillo says the rise in the T3 share price is a vote of confidence in the company and its transformation.

"This T3 vote, as I count it, it was a vote of confidence by investors in terms of where Telstra is going and the willingness to risk capital to support that strategy," Mr Trujillo told a Sydney investment gathering.

"Since then, obviously the market speaks for itself whether share price goes up or share price goes down, but those who have participated thus far have done relatively well."

Since listing on November 20 the $2 T3 instalment receipts have risen above $2.50, with ordinary Telstra shares rising above $4.00.

Read the full speech here:

• Address to the America-Australia Chamber of Commerce (PDF - 98KB)
  Sol Trujillo, Chief Executive Officer, Telstra Corporation Limited
  Telstra CEO Sol Trujillo says the rise in the T3 share price is a vote of confidence in the company and its transformation.
  14 December 2006

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