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The private company was privatised after previously being a government run organisaion. They floated it to get a bunch of income, but the nature of large infras
by NamTaf 8y ago
The private company was privatised after previously being a government run organisaion. They floated it to get a bunch of income, but the nature of large infrastructure is that it's incredibly costly to build a new network. Thus, Telstra simultaneously acted as a private company (trying to deliver returns to shareholders) whilst being this sort of Frankenstein's monster of regulated wholesale monopoly, which hamstrung Australian broadband development something incredible.
- threeseed 8y agoWhat many people don't know as well was that Telstra was subject to a Structural Separation Undertaking which meant that their Operations arm of the business would treat their Retail arm as like a seperate company. Otherwise it would be unfair for competitors. Except that this was routinely broken meaning the entire telecommunications market was constantly distorted. It really was the worst of all worlds.