Gittens on the privatisation of Telstra

SMH – Ross Gittens: Howard’s crossed line on Telstra. Interesting read.

I can’t help but agree with Ross on this point:

The best way to have done that was to split Telstra’s copper network monopoly (“wholesale”) business from its retail business competing directly with the other telcos. Once you’d done that, you could have privatised the retail business without a worry and perhaps even the wholesale business once you were confident its prices to retailers were adequately regulated.