SYDNEY: The Australian government yesterday suggested it may not go ahead with a public sale of its majority stake in Telstra, after the telecoms giant shelved plans for a multi-billion dollar high-speed broadband network.
Telstra broke off negotiations with the country’s competition watchdog on Monday saying the A$4bil (US$3bil) project, that would offer higher Internet speeds to millions of homes, could not go ahead under current regulations.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
