TLS will have huge problems in competitiveness once the NBN is totally rolled out, as the playing field will finally be "level".
they also have major issues with mobile growth as evidenced by their allocation to capex on new infrastructure just to keep the status quo.
about the only possible holy grail is some sort of risky o/seas startup .
sure the divvy will never go backwards- just like the sp will never really go forwards, but nonetheless has the real potential of sinking , if a "Philippino" deja vu rears it's ugly head.
please note- just IMHO and please DYOR.
cheers the guru-crazypunter
ACCC & Telstra, page-4
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