Senate gives green light to split Telstra

Senate gives green light to split Telstra
The Federal Government’s plan to break-up Telstra has been given the green light by the Senate committee.
The Senate Environment, Communications and the Arts Legislation Committee issued a report on Monday which recommended the government’s draft laws be passed without delay.
The report said there was not enough evidence to show that the reforms would damage Telstra’s share price and concluded that the separation of Telstra will be beneficial to consumers and the industry in the long-term.
“The Committee accepts the view of the government and most industry stakeholders that the separation of Telstra will bring long term benefits,” the report concluded.
The reforms are part of the government’s plan to roll out a national broadband network.

The Federal Government’s plan to break-up Telstra has been given the green light by the Senate committee.

The Senate Environment, Communications and the Arts Legislation Committee issued a report on Monday which recommended the government’s draft laws be passed without delay.

The report said there was not enough evidence to show that the reforms would damage Telstra’s share price and concluded that the separation of Telstra would be beneficial to consumers and the industry in the long-term.

“The Committee accepts the view of the government and most industry stakeholders that the separation of Telstra will bring long term benefits,” the report said.

The reforms are part of the government’s plan to roll out a national broadband network.

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