Business Services Industry
Telcos, airlines gain clout as competition withers.
Australasian Business Intelligence, November, 2001
Nov 27, 2001 (The Courier-Mail
ABIX via COMTEX) -- Competition is ebbing in Australia's aviation and telecommunications sectors. While significant competition in both areas recently brought low prices, lower revenues have proven unsustainable for weaker competitors such as Ansett Australia and One.Tel. This has left Qantas Airways and Telstra dominant once again, which is already leading to higher prices for end users. Telstra and its biggest rival, Singtel Optus, have just announced higher charges for ten million mobile telephone customers. No matter who wins control of Ansett, the joint venture of businessmen Solomon Lew and Lindsay Fox, or Lang Corporation and Virgin Blue Airlines, Qantas will have a near monopoly in the aviation sector in at least the short...
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