E-mail Comment Del.icio.us Digg Reddit Technorati Furl

Telstra attempts to dodge $300 million fine

Jan 8, 2005 Telco, Telstra

Telstra treads fine line in broadband row (The Age / Colin Kruger)

From the article: “The Australian Competition and Consumer Commission will consult Telstra’s rivals to determine whether it should revoke a competition notice against the telco and stop the clock on $300 million in potential fines.“

Knowing what Telstra rivals are like, I doubt there is anything Telstra could do at this point to weasel their way out of this one. If they were serious about losing their anticompetetive image they would have taken action in a much shorter time frame than the 10 months it has taken so far.

What interests me most in all these Telstra dramas is that none of the business or political commentators seem to be relating them to Telstra low share price. If the government are serious about boosting the share price prior to a full sale they should use their controlling interest in Telstra to force them to resolve these issues. I certainly wouldn’t recommend investing in Telstra at this point in time.

This entry was posted on Saturday, January 8th, 2005 at 10:03 am and is filed under Telco, Telstra. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.