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Rivals plead with watchdog to stop Telstra takeover of Adam
Dec 19, 2012 (The Australian - ABIX via COMTEX) --
Vodafone, iiNet and Macquarie Telecom have urged the Australian Competition & Consumer Commission (ACCC) to stop Telstra's $A60m takeover of Adam Internet. The telcos claim ACCC approval of the acquisition will lessen broadband services competition. Adam Internet has 20% of the South Australian broadband market, with Telstra planning to use it as a budget offering nationally. The ACCC will make its ruling on 20 December 2012.
Publication Date: 20 December 2012
TELSTRA CORPORATION LIMITED - ASX TLS
ADAM INTERNET PTY LTD
IINET LIMITED - ASX IIN
VODAFONE AUSTRALIA LIMITED
MACQUARIE TELECOM GROUP LIMITED - ASX MAQ
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION
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