Australian Senate inquiry supports Telstra split up

The Australian government's proposal to break up incumbent telco Telstra into two units that would address retail and wholesale separately now has an ally in the Australian Senate. A Senate inquiry concluded that it would bring 'long-term benefits.' An ABC News report said that the committee's majority is behind the Australian government's proposed changes to the country's telecom industry.

However, not everyone is on board. Opposition communications spokesman, Nick Minchin, believes the plan is not sound. "The majority report is quite inadequate in its very disappointing attempt to endorse what is a quite radical and unprecedented piece the legislation," he said.

Telstra previously said that the Australian government's telecom reform efforts will not only dilute shareholder value, but create confusion over the government's proposed $38.87 billion Next Generation Broadband Network (NBN).

For more:
- ABC News has this article

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