Feeds

Telstra sale given go-ahead

Just needs a rubber stamp

Top three mobile application threats

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. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.