Telstra has responded to the government's regulatory reform plans announced this morning, which will see it forced to separate its operations, saying it was disappointed the government felt it necessary to go so far.
David Thodey (Credit: Telstra)
"It is Telstra's view that many aspects of this package are unnecessary and need never be implemented if a mutually acceptable outcome can be reached on the National Broadband Network," Telstra CEO David Thodey said in a statement.
Yet, he has acknowledged the necessity of playing ball. "Telstra supports the government's NBN vision. We are willing to discuss options around separation," he continued.
Telstra was going to examine the reform package over the coming days, according to Thodey, who stressed that although the company was engaged with government, as always the company's approach to regulatory reform and the National Broadband Network would be driven by the interests of the company's shareholders.
"While we are disappointed the government has felt it necessary to introduce this legislation, Telstra remains committed to working with the government to find a solution that is in the best interests of the industry, the nation, Telstra and our shareholders," he said. "Much remains uncertain, but we will continue to provide updates whenever it is appropriate to do so."
I really hope all parties can benefit from these changes rather than just the lawyers as would have happened under previous management.