"telstra will surely ask for a regulation that by-passes accc and allows it to have a decent return on its investment."
I certainly hope the government will not put in place regulations that by-pass the ACCC.
a "decent" return ? whose definition of "decent" ? Telstra wants to maintain its monopoly pricing power, that is what it is all about for Telstra.
if telstra wins the national broadband project, page-4
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