Business Services Industry
Telstra has fibre to make cash.
Australasian Business Intelligence, December, 2005
Byline: Alan Kohler
Dec 13, 2005 (The West Australian - ABIX via COMTEX) -- The fortunes of Australian telco Telstra's share price now depend almost exclusively on it building a proposed fibre optics network.
If successful in connecting all households to this fast service, it will reap the rewards in the form of a massive revenue boost, and its stock should recover from the current level of $A3.78 to about that of the second tranche of its float, which was priced at $A7.40. Much will depend on whether it can convince the Australian Competition & Consumer Commission (ACCC) that it should be granted a period in which it will not have to make the planned $A3.1bn infrastructure...
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