Home Industry Market Telstra hands ACCC updated Structural Separation
Get all your tech news delivered to your mail box five days a week
iTWire UPDATE - it's FREE!


Telstra's new multi-coloured logos (Credit: Telstra)Australia's number one telecommunications provider has this afternoon announced it has handed the Australian Competition and Consumer Commission (ACCC) a revised undertaking for its structural separation as part of its deal with NBN Co.

Telstra's new multi-coloured logos (Credit: Telstra)

The revised document has been submitted by Telstra - following the initial submission then revision last year - to the ACCC following a number of points of issue being raised following continual meetings with both the public and the ACCC.

'I am pleased the ACCC has acknowledged that their concerns have been addressed and I note their commitment to consider the SSU promptly,' Telstra CEO David Thodey said in a statement today.

The approval of the structural separation of Telstra is the last thing standing between a sign-off on the deal between Telstra and the body responsible for the roll-out of Australia's new high-speed network, NBN Co.

As part of the deal, Telstra must structurally separate wholesale from retail divisions - and this must be approved before the deal between NBN Co and Telstra for the long-term lease of Telstra's infrastructure such as ducts and piping can be finalised.

However Telstra says it believes the changes made to the revised proposal are largely non-material, and don't require re-approval from shareholders, saying today that it believes the changes 'do not constitute material change in the context of the Proposed Transaction approved by Telstra shareholders in October 2011.'

OWN THE FUTURE OF SOFTWARE

Tomorrow, 26 August we’re delivering a FREE day of high-impact content to give you the know-how to lead in the App Economy. Please don’t be sorry you missed it.

• Keynotes on how software is rewriting businesses the world over, including our own backyard

• View code level details with context and repair problems quickly

• Fix problems in minutes before they wreak havoc

• Streams covering DevOps, Security and Management Cloud from pioneers at the coalface.

Register Now - it's FREE!

CLICK TO REGISTER!

ITWIRE SERIES - IS YOUR BACKUP STRATEGY COSTING YOU CLIENTS?

Where are your clients backing up to right now?

Is your DR strategy as advanced as the rest of your service portfolio?

What areas of your business could be improved if you outsourced your backups to a trusted source?

Read the industry whitepaper and discover where to turn to for managed backup

FIND OUT MORE!

Connect