Telstra chief brands regulators ‘mindless’

6 Jul 2006

Solomon Trujillo, the chief executive of Australian incumbent Telstra, has launched a blistering attack on the government over the telco’s long-running next generation network saga. Telstra is locked in negotiations with the Australian Competition Consumer Commission (ACCC) over the terms of access by its rivals to its planned nationwide fibre-to-the-node (FTTN) network. The government has delayed a final decision on whether to proceed with the AUD25 billion (USD19 billion) sale of its remaining 51.8% stake in Telstra whilst the two sides try and resolve their differences. However, speaking to reporters at a telecoms conference in Beijing, Mr Trujillo appeared to be in no mood for reconciliation. ‘This is an investment that is well and truly in Australia’s national interest,’ he said of Telstra’s plans to spend up to AUD4 billion on the FTTN network. ‘We cannot afford to let this opportunity pass because of a mindless continuation of a regulatory regime that is past its use-by date.’

Australia, Telstra (incl. Belong)