ACCC: Telstra share falling

17 Jun 2005

The Australia Competition and Consumer Commission (ACCC) has published its 2003/04 indicator report on the telecoms sector which shows that Telstra took 75.4% of the country’s telecoms spend in the year ending June 2004. However, the former incumbent is slowly losing market share in all fixed line sectors, with Primus and AAPT taking up the slack.

Meanwhile, in a separate but related story, the Australian government has revealed that legislation enabling the privatisation of Telstra could be presented to parliament as early as August. The government is keen to sell its 51.8% stake in the company in 2006, but is waiting for completion of a study by advisors UBS, before committing to a date.

Australia, Telstra (incl. Belong)