TLS 0.00% $3.88 telstra group limited

Management, page-14

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    So the end result would be consolidation in the sector? (as only the big survive, like the Amazon retail example)

    Possibly, but not necessarily.

    One eminently likely alternative to your consolidation scenario - and indeed the one that has existed for the past decade - is that providers of capital will continue to keep fuelling the companies that compete in the telco space.
 
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