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TMCNet:  Regulator clouds bid for Adam Internet

[December 20, 2012]

Regulator clouds bid for Adam Internet

Dec 20, 2012 (The Australian - ABIX via COMTEX) -- The Australian Competition & Consumer Commission (ACCC) has expressed concern about Telstra's takeover of Adam Internet. ACCC chairman Rod Sims says Adam Internet is a major competitor to Telstra in its home market of South Australia. The regulator has not yet made a final decision on the deal, and has invited submissions from the telecommunications industry in order to assist with the process.



Publication Date: 21 December 2012 TELSTRA CORPORATION LIMITED - ASX TLS ADAM INTERNET PTY LTD AUSTRALIAN COMPETITION AND CONSUMER COMMISSION IINET LIMITED - ASX IIN MACQUARIE TELECOM GROUP LIMITED - ASX MAQ VODAFONE HUTCHISON AUSTRALIA PTY LTD QANTAS AIRWAYS LIMITED - ASX QAN JETSTAR AIRLINES PTY LTD

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