Telstra might be “furious” about this – but I think it is good news for consumers and the comms industry. I still disagree with losing public ownership – but this seems to me to be the best of a bad situation.
My view remains that the wholesale division should remain majority owned by the public. But that ain’t gonna happen, though. But by splitting the two divisions there is at least less risk that the dominant player cannot continue it’s uncompetitive practice of offering wholesale prices at a different rate to competitive retail operations.
It also means there’s some hope that the infrastructure issues will be more easily regulated. Of course, that’s all just my opinion. I welcome any other thoughts?