The 56 page Telstra report states on page 26 that Many weaknesses have been identified. These include first and foremost underlying Financial weakness.
So the execs have kept from the shareholders for at least a month that Telstra has an underlying financial weakness which is then made worse by the regulation stuff.
Pretty strong stuff to be telling your major shareholder! Surely such strong stuff should have at the same time gone out to all?
UNDERLYING FINANCIAL WEAKNESS! No wonder the credit agencies are looking closely at Telstra now!
sol and co and telstra, page-8
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