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Australia's largest telco to be split

Posted by ScuttleMonkey on from the what-would-we-do-with-a-monopoly-to-fight dept.

Pie Pants writes "Australia's largest telco company, Telstra, which is also half government-owned and controls most of the telecommunications network in Australia, is to be split into separate retail and wholesale arms. This means that the wholesale side of Telstra will have to sell the network to the retail side under the same terms it uses with other communications companies. The government has done this in a bid to improve communications service in regional Australia, so it can privatize the rest of the telco. This is a welcome move by many after Telstra was accused of taking advantage of its network against competitors."

1 of 126 comments (clear)

  1. Telco company by RaeF · · Score: 0, Redundant

    By definition, a telco is a telephone or telecommunications company. So a telco company would be a telecommunications company company. Sort of like the PPP protocol or an ATM machine.