Aussie competition watchdog deals blow to Telstra


  • Business
  • Thursday, 22 Dec 2005

SYDNEY: Australia's biggest phone company, Telstra Corp Ltd, has lost a key regulatory ruling and warned that the decision will hurt profits and cloud the planned sale of the government's US$18bil stake in the firm. 

Australia's competition watchdog yesterday rejected prices that Telstra wanted to charge rivals to access its network. 

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