"I recall McKinsey spent 2-3 pages on the competitive threat that wireless broadband represented to the NBN - and they dismissed that threat."
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Sounds like your garden variety prospectus for a float or cap raising. Remember the Telstra float prospectus. Regulatory risk lol.
They shoulda put REGULATORY RISKS in big beautiful red bold letters on the cover of the Telstra prospectus.
Ma n Pa's still woulda missed it.
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