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TMCNet: Telstra moves to embrace least-worse option

[September 07, 2010]

Telstra moves to embrace least-worse option

Sep 07, 2010 (The Australian Financial Review - ABIX via COMTEX) -- Australian telco giant Telstra is expected to benefit from the Federal Government's National Broadband Network rollout. While the company will lose its monopoly under the broadband policy, it is preferable to the structural separation of the business, which was flagged as an option. Telstra shares closed $A0.01 weaker at $A2.85 on 7 September 2010, however the stock did rise by $A0.02 after the announcement that the Australian Labor Party would form government.

Publication Date: 8 September 2010 TELSTRA CORPORATION LIMITED - ASX TLS AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET AUSTRALIAN LABOR PARTY TYNDALL INVESTMENT MANAGEMENT (AUSTRALIA) LIMITED AUSTRALIAN GREENS AUSTRALIA. DEPT OF BROADBAND, COMMUNICATIONS AND THE DIGITAL ECONOMY SINGTEL OPTUS PTY LTD SINGAPORE TELECOMMUNICATIONS LIMITED - ASX SGT

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