Feeds

Telstra sale given go-ahead

Just needs a rubber stamp

Remote control for virtualized desktops

The Australian Government has moved a step closer to flogging its 51.8 per cent state in incumbent telco Telstra after winning a key vote earlier today.

The Australian Senate backed plans to flog the Government's stake in the business despite a concerted campaign by opposition MPs and trade unions.

The Government is set to raise around A$30bn (£14bn) from the sale of its share in the firm, which is expected to go ahead next year.

In a bid to ease concerns about the future the Government has agreed to set aside more than A$3bn to help protect and improve services in rural areas.

As part of the sell-off, the Government also plans to separate Telstra's retail, wholesale and network business to ensure that the telco "treats its wholesale customers fairly".

Speaking last week Communications Minister Helen Coonan said: "We are now at a critical point in Australia's telecommunications history when consumers are looking for new advanced services and the industry is having to make major investment decisions."

She said that the sale would help boost competition and improve services for customers.

Opponents of the sale, though, claim that services will decline, especially in rural areas. And there are fears that as many as 14,000 Telstra jobs could be axed following the privatisation of the telco.

The Community and Public Sector Union (CPSU) claims that details of the job losses and other cost-cutting measures are contained in a confidential document drawn up by senior execs at the company, something rejected by Telstra. ®

Beginner's guide to SSL certificates

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?