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Telstra's uncomfortable reality
Dec 19, 2012 (The Australian Financial Review - ABIX via COMTEX) --
Dominant Australian telco Telstra and CEO David Thodey face a number of challenges, even as the share price in late 2012 has recovered substantial ground. Bidding for new digital frequency spectrum in a Federal Government auction to run mobile telephony services could cost $A1.9bn, while the main issue will be the outcome of the next election during 2013. Should the Opposition win, Telstra's lucrative deal with NBN Co on the roll-out of the national broadband network, worth $A20bn over 10 years, may need to be restructured. Thodey will be assisted by newly appointed CFO Andy Penn.
Publication Date: 20 December 2012
TELSTRA CORPORATION LIMITED - ASX TLS
NBN CO LIMITED
AUSTRALIA. DEPT OF BROADBAND, COMMUNICATIONS AND THE DIGITAL ECONOMY
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET
SINGAPORE TELECOMMUNICATIONS LIMITED - ASX SGT
SINGTEL OPTUS PTY LTD
VODAFONE HUTCHISON AUSTRALIA PTY LTD
DEUTSCHE BANK AG
AUSTRALIAN LABOR PARTY
ELDERS LIMITED - ASX ELD
OPEL NETWORKS PTY LTD
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