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Telstra Corporation Ltd. (TTRAF)

- OTCPK - Current
  • 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.
    | Mon, Jun. 29, 2:53 PM | Comment!
TTRAF vs. ETF Alternatives
Company Description
Telstra Corporation and its subsidiaries are engaged in telecommunications and information services.