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[December 03, 2012]
Telstra may launch low-cost ISP
Dec 03, 2012 (The Australian Financial Review - ABIX via COMTEX) -- Telstra faces opposition by its rivals in the ISP sector to a planned acquisition for some $A60m of small player Adam Internet. If the deal is blocked by the Australian Competition & Consumer Commission, the telco may instead launch its own low-cost ISP brand, similar to the strategy of Qantas Airways and its budget carrier Jetstar Airlines. However, both experts and Telstra management believe that approval will be gained. Adam has fewer than 100,000 subscribers.
Publication Date: 4 December 2012 TELSTRA CORPORATION LIMITED - ASX TLS ADAM INTERNET PTY LTD QANTAS AIRWAYS LIMITED - ASX QAN JETSTAR AIRLINES PTY LTD AUSTRALIAN COMPETITION AND CONSUMER COMMISSION OVUM LIMITED SINGAPORE TELECOMMUNICATIONS LIMITED - ASX SGT SINGTEL OPTUS PTY LTD IINET LIMITED - ASX IIN TPG TELECOM LIMITED - ASX TPM VIRGIN AUSTRALIA HOLDINGS LIMITED - ASX VAH TIGER AIRWAYS AUSTRALIA PTY LTD NBN CO LIMITED AUSTRALIAN LABOR PARTY
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