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ARTICLE · 08 OCTOBER 2009

National Broadband Network Reforms - Do Telstra´s Shareholders Have Any Rights?

Truman Hoyle
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Recent press indicates that many Telstra shareholders are unhappy about the reforms to the Australian telecommunications landscape announced by the Government on 15 September 2009 which could result in the structural separation of Telstra.

AustraliaMedia, Telecoms, IT, Entertainment
Kathryn Edghill
Kathryn Edghill

Recent press indicates that many Telstra shareholders are unhappy about the reforms to the Australian telecommunications landscape announced by the Government on 15 September 2009 which could result in the structural separation of Telstra.

The Senate Committee enquiring into the Telecommunications Legislation Amendment (Competition and Consumer Safeguards) Bill 2009, which includes the proposed reforms, has already received a number of submissions from Telstra shareholders complaining that the possible structural separation of Telstra will detrimentally affect the value of their shareholding. Examples of comments include:

" I bought my Telstra shares in good faith FROM the government. I feel that it is quite immoral of you to now reduce the value of that enterprise by forcing it to off load a major part of it's operation."; and

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