It seems odd for the Government to compensate Telstra for building the National Broadband Network considering fibre optic cable is a modern version of old copper. If a rival company in the market place builds a new factory with modern equipment established firms are not paid a cent. Besides, the copper was funded by Australian citizens and not by Telstra per se.
Selling Telstra was a stupid idea anyway. People who bought shares should have known that the monopoly would eventually die. Perhaps John Howard saw the writing on the wall and decided to sell it. In recent times Testra has barely made a profit so it could no longer be relied upon as a cash cow.
The Australian Government is paying Telstra $11 billion in compensation. Laws should have been changed to prevent this public liability taking place. Telstra's ownership of the copper should have been changed before the sale. It's control should have been altered to protection of the copper network which was paid for by Australian taxpayers.
Selling Telstra was a stupid idea anyway. People who bought shares should have known that the monopoly would eventually die. Perhaps John Howard saw the writing on the wall and decided to sell it. In recent times Testra has barely made a profit so it could no longer be relied upon as a cash cow.
The Australian Government is paying Telstra $11 billion in compensation. Laws should have been changed to prevent this public liability taking place. Telstra's ownership of the copper should have been changed before the sale. It's control should have been altered to protection of the copper network which was paid for by Australian taxpayers.
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