Mon, Jun. 29, 2:53 PM
- Australian regulators have ordered Telstra (OTCPK:TLSYY -2.2%) to cut its wholesale access prices 9.6%, starting in October.
- Last October Telstra asked the Australian Competition and Consumer Commission for permission to raise wholesale prices 7.2% as users leave its copper network for the National Broadband Network, since economies of scale are lost.
- But the ACCC saw a bad endgame: "Eventually these prices would reach absurd levels for the unlucky last copper customers," said the regulator's chairman, Rod Sims.
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