"Conroy could legally destroy Telstra - but fair and reasonable compensation would be forthcoming - and in addition, 1.4m TLS shareholders plus family and friends might have something to say about that at the next election."
The problem is the other 18.6 million people will be cheering Conroy on. Most Australians couldn't care less about Telstra or its owners. In fact, I don't think I have ever heard anyone say something nice about Telstra.
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