Fergie's Tech Blog

Australia: Optus Threatens Trouble in Planned Telstra Sale

Michael Sainsbury writes on Australian IT:

Optus has threatened to make the planned sale of Telstra difficult if the dominant telco does not strike a deal with rivals on its planned $3.4 billion fibre network.

The ultimatum was delivered by Optus chief executive Paul O'Sullivan in an unscheduled market briefing where he admitted the company's profits would slump in 2006-07.

But Optus and Telstra's other competitors received some cheer yesterday [15 June 2006] when the Australian Competition and Consumer Commission rejected Telstra's bid to average the price at which it rents its copper wires to rivals. Instead, the ACCC has opted to stick with a regime where there are four different prices -- ranging from inner city to remote Australia.

posted by Fergie @ 6/18/2006 12:02:00 PM