Telstra rates rise 300% since 2000

16 Apr 2004

Telstra is planning company-wide changes in its tariff structure that will see its customers facing a 6% hike in their monthly fixed line phone rental. The rise, which has yet to be officially announced, will see basic line rental rise by AUD1.50 a month to AUD28 and means that Telstra’s basic access charges have now risen by almost 300% since the turn of the millennium. Tariffs are set to go higher still following a mandate from the Competition and Consumer Commission to push the monthly charge as high as AUD32 by mid-2005. Whilst there are expected to be concessions for low income households, the latest changes are being viewed by analysts as a last ditch attempt by chief executive Ziggy Switkowski to reach ambitious growth targets and hold on to his job.