Business Services Industry

T3 approval in weeks.

Australasian Business Intelligence, May, 2006

Byline: Tony Boyd

May 16, 2006 (The Australian Financial Review - ABIX via COMTEX) -- The Australian Government may be close to divesting its remaining interest in Telstra after all. A dispute between the Australian Competition & Consumer Commission (ACCC) and the telco has been the main obstacle to the $A25bn sale. If Telstra did not gain approval for its ambitious fibre-to-the-node broadband network plan, the telco would probably have to slash its ordinary dividend, and this would in turn make the stock far less attractive to potential investors. However, the Government has announced that Telstra and the ACCC are very close to reaching agreement. It is understood that Telstra has promised to provide its rivals with limited access to the new network....

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