Australia’s Telstra open to break-up as broadband plan forces telecom to overhaul strategy

Telstra will consider a voluntary separation of its wholesale and retail arms as well as the sale of some assets to the federal Government’s proposed $43 billion broadband network in a spectacular about-face that effectively dumps the aggressive four-year strategy championed by chairman Donald McGauchie and chief executive Sol Trujillo, reports The Australian.The radically different and more conciliatory approach is part of an attempt to ward off the threat of much greater government intervention in Telstra’s business. The company’s board has set up a special committee of directors and executives to come up with a new approach and to negotiate with the Government.To read this report in The Australian in full, see:
www.theaustralian.news.com.au/story/0,25197,25330985-601,00.html