Sure people purchases shares in a company owning the exchanges, cables, leases on trenches, etc
These people also knew - or should have, that Government(s) were committed to other telcos having reasonable access to the infrastructure.
They also knew - or should have, with speed of change in technology a lot of the infrastructure was aging fast and would need replacing.
Telstra warned other telcos it would not enable them to access its new infrastructure, except at commercial returns.
Sol - or his advisers, may have believed their hand was stronger than it was when submitting their "mickey mouse" tender which failed to satisfy the criteria.
Then again, suspect more likely they and the board were being realistic, understanding their chances of success in the tender were not high, their chances of not gaining access were zero, so made a reasonable decision to NOT waste effort on it, instead concentrated on increasing their infrastructure were competition will be an all out battle a lot sooner, the metropolitan area.
As the NBN gets up and running Telstra will still be competing and still sharing the NBM with other telcos.
Concerning NBN construction, some months before tenders start being called... wager Telstra will be busy getting some of them.
Q: why do the gloom merchants want Telstra lower in price ?
Holding SGT and TLS.
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TLS Price at posting:
$3.01 Sentiment: LT Buy Disclosure: Held
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