Telstra opposes telecoms separation

Telstra has firmly opposed the government’s plan to revolutionise the telecommunications industry, claiming a forced separation of its business divisions could cost it more than $1.2 billion, reports The Australian.The proposed changes, the subject of a Senate inquiry, also threatened to undermine the government’s ambitious high-speed broadband strategy, reduce industry competition, and disadvantage regional and rural customers, the telco warned yesterday.To read this report in The Australian in full, see:
www.theaustralian.news.com.au/business/story/0,28124,26188995-643,00.htmlAlso see:Telstra Critical of Reforms
Telstra Corp. said the Australian government’s planned reforms to telecommunications legislation would destroy shareholder value and create uncertainties over Canberra’s planned 43 billion Australian dollar (US$38.87 billion) national broadband network.In a submission to a Senate inquiry into the planned reforms, Telstra said the plans could “potentially destroy value for the approximately 1.4 million Australian shareholders who purchased Telstra shares from the government over the past 12 years and have a significant detrimental impact on our employees.”
online.wsj.com/article/SB10001424052748703746604574462220096635550.htmlConroy says win-win possible
Telstra has savaged the Government’s plan to split it in two, arguing the proposal will reduce competition, harm consumers, destroy shareholder value and make it difficult for the government to achieve its $43 billion national broadband network.The telco yesterday offered its most comprehensive response yet to plans to force the separation of the company’s retail and wholesale operations in a Senate committee inquiry.
www.theage.com.au/business/conroy-says-winwin-possible-20091009-gqvd.html
www.smh.com.au/business/conroy-says-winwin-possible-20091009-gqvd.html

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