conroy talking now on sky about tls breakup, page-5

man dont know how the market will react:

Reforms announced that could break up Telstra
September 15, 2009 - 10:03AM
The Rudd government has announced a package of reforms to telecommunications regulations that will pave the way for a break-up of Telstra.
Communications Minister Stephen Conroy said the reforms would address the telco's high level of integration with the aim of promoting greater competition and consumer benefits.
"For years industry has been calling for fundamental and historic micro-economic reform in telecommunications," Senator Conroy said.
"Today we are delivering this outcome in Australia's long-term national interest."
The reforms would address the structure of the telecommunications market and provide Telstra with the flexibility to choose its future path.
"It is the government's clear desire for Telstra to structurally separate, on a voluntary and cooperative basis," Senator Conroy said.
"The government believes it is possible to achieve a win-win outcome in the interests of Telstra, its shareholders and, more broadly, all Australians."
The move is unlikely to be welcomed by Telstra which has resisted moves to separate its retail and wholesale functions.
Telstra was one of the most highly integrated telecommunications companies in the world across the fixed-line copper, cable and mobile platforms, Senator Conroy said.
The government will strengthen consumer safeguards including the Universal Service Obligation, Customer Service Guarantee and the Priority Assistance arrangements to ensure consumers are protected and service standards are maintained at a high level.
"These fundamental reforms address the long-standing inadequacies of the existing telecommunications regulatory regime They will drive lower prices, better quality and more innovative serviceS," Senator Conroy said.