Telstra agrees to work with Government on reforms

Telstra chief executive officer David Thodey today responded to the Federal Government’s proposed regulatory reform package that would see the telecommunications company separate its retail, wholesale and infrastructure businesses.

In response to the reforms, Thodey said Telstra is committed to working with the Government to find an appropriate solution.

“While we are disappointed the Government has felt it necessary to introduce this legislation, Telstra remains committed to working with the Government to find a solution that is in the best interests of the industry, the nation, Telstra and our shareholders,” he said.

Federal Communications Minister Stephen Conroy this morning announced a package of telecommunications reforms that will force Telstra to separate its retail, wholesale and infrastructure businesses, unless it voluntarily agrees to separate.

“These fundamental reforms address the long-standing inadequacies of the existing telecommunications regulatory regime. They will drive lower prices, better quality and more innovative services,” Conroy said.

Thodey believes that aspects of the package are “unnecessary and need never be implemented if a mutually acceptable outcome can be reached on the National Broadband Network.”

However he said Telstra will carefully examine the package over the coming days.

“We are actively and constructively engaged with Government. Much remains uncertain, but we will continue to provide updates whenever it is appropriate to do so,” he said.

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