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TMCNet:  Telstra's uncomfortable reality

[December 19, 2012]

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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