Telstra’s chairman Donald McGauchie has launched an attack on the Australian Competition and Consumer Commission (ACCC) after the agency revealed plans to launch a major review of the competition rules in Australia’s fixed line market. The review comes ahead of the sale of the government’s 51.8% stake in Telstra, and is due to be unveiled within weeks. McGauchie claims that the ACCC’s sole ambition is to reduce Telstra’s market share, and that it has lost sight of customers’ interests.
In a separate story, McGauchie has announced that he is confident that Telstra will find a new CEO to replace outgoing Ziggy Switkowski by 30 June. The company is also on the lookout for a new director to replace Sam Chisholm.