Australia: Telstra Loses Phone Market Ruling
Telstra, Australia's largest telecoms firm, has lost a key regulatory ruling that is likely to hurt its earnings and may delay the sale of its shares.
Australia's competition office rejected plans to alter what Telstra charges firms for access to its phone network.
As a result, Telstra has put a large expansion project on hold, and said regulatory decisions could cost it 850m Australian dollars ($625m).
The government is planning to sell its 52% Telstra stake late next year.
posted by Fergie @ 12/21/2005 07:10:00 AM
0 Comments:
Post a Comment
<< Home