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Australia: shareholder letter February 21, 2007

Posted by Jasper in Uncategorized.

Telstra has sent a letter to its shareholders describing it competitors as leeches:

Like leeches, foreign companies are encouraged by lopsided regulations to act like parasites on Telstra’s infrastructure

Can you believe it…this has got to be a new low in Telstra’s attempt to turn the tides of regulation in their favour. And by the way Tealstra are also trying to convince the broad comunity that they are are the only hope for regional broadband. Of course Telstra is entitled to campaign to get the best deal for its shareholders, but as noted by Crickey to dress itself up as some kind of philanthropist consumer advocate fighting an unreasonable government is more than a bit rich.



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