National party wants access for rivals

15 Mar 2005

The Australian National Party has urged the Australian government to order Telstra to relax its grip on regional telecoms services, and give its rivals access to its cable ducts before its privatisation takes place. Under the current legislation, Telstra’s rivals can access its copper network at specific prices, but the National Party wants the prices to be lowered; it is set to release a report on the matter next week.

Meanwhile investment banks Goldman Sachs and UBS are among the banks vying for an advisory role in the forthcoming privatisation of Telstra. There are around eight other companies looking to advise the sale.

Australia, Telstra (incl. Belong)