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Telstra to be forced to break-up (OT)

Discussion in 'UO Oceania' started by Sneaky Que, Sep 14, 2009.

  1. Sneaky Que

    Sneaky Que Babbling Loonie
    Stratics Veteran Stratics Legend

    Sep 14, 2006
    Likes Received:
    Govt announces Telstra break-up reforms


    September 15, 2009 - 9:59AM

    The Rudd government has announced a package of reforms to telecommunications regulations that will pave the way for a break-up of Telstra.

    Communications Minister Stephen Conroy said the reforms would address the telco's high level of integration with the aim of promoting greater competition and consumer benefits.

    "For years industry has been calling for fundamental and historic micro-economic reform in telecommunications," Senator Conroy said. "Today we are delivering this outcome in Australia's long-term national interest."

    The reforms would address the structure of the telecommunications market and provide Telstra with the flexibility to choose its future path.

    "It is the government's clear desire for Telstra to structurally separate, on a voluntary and cooperative basis," Senator Conroy said.

    "The government believes it is possible to achieve a win-win outcome in the interests of Telstra, its shareholders and, more broadly, all Australians."