It's good to see an example where the government outperforms and outinnovates private enterprise.
There's too many examples of governments capitulating to investment banks and private investors and selling the countries silverware for a pittance while failing to ensure that the new private market is a competitive one.
As Alan says, this process could have been a win win but the hubristic approach taken by former Telstra managers resulted in failed negotiations and the government has done the right things and looked after the national interest.
Thats my take.
Dreamcatcher
sue trujillo by alan kohler, page-16
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