Telstra buyback explainer - should you sell your shares?

By Max Mason
Updated October 2 2014 - 7:08pm, first published 7:56am
To take part in the buyback, shareholders must sell at least 925 shares, or if they don't have that amount, sell them all. Photo: Patrick Scala
To take part in the buyback, shareholders must sell at least 925 shares, or if they don't have that amount, sell them all. Photo: Patrick Scala
To take part in the buyback, shareholders must sell at least 925 shares, or if they don't have that amount, sell them all. Photo: Patrick Scala
To take part in the buyback, shareholders must sell at least 925 shares, or if they don't have that amount, sell them all. Photo: Patrick Scala
To take part in the buyback, shareholders must sell at least 925 shares, or if they don't have that amount, sell them all. Photo: Patrick Scala
To take part in the buyback, shareholders must sell at least 925 shares, or if they don't have that amount, sell them all. Photo: Patrick Scala
To take part in the buyback, shareholders must sell at least 925 shares, or if they don't have that amount, sell them all. Photo: Patrick Scala
To take part in the buyback, shareholders must sell at least 925 shares, or if they don't have that amount, sell them all. Photo: Patrick Scala

Owned by mums, dads and institutional investors alike, Telstra's 1.4 million shareholders have until Friday evening to apply for the company's $1 billion buyback.