From an ABC report:
“The other major aspects of Mr Penn’s plan are up to $2 billion in asset sales over the next two years and the structural separation of Telstra into “InfraCo” and retail businesses from July 1.”
Telstra is well on the way to becoming a hollow corporation:-
Owning nothing;
doing nothing,
except coordinating the nothing.
It looks like they’ve finally figured out that there’s little profit in broad-scale infrastructure. That’s why the private sector typically cherry-picks the lucrative markets and ignores the rest.
A competent government would seize the opportunity to acquire Telstra’s network assets, combine them with whatever becomes of the NBN and re-establish the Australian Telecommunications Commission. The public sector is the only one that has credibly even tried to serve the whole nation (not just the lucrative bits).
