Telstra is considering its options after the telco suffered a blow in its bid to overturn a ruling handed down by the Australian Competition and Consumer Commission that forces it to cut the access price on its copper network.
The telco, which was yesterday ordered to cover the ACCC’s costs of the legal action, had initially pushed for a 7.2 per cent lift in access prices in 2015, citing growing costs associated with the migration of customers from the copper network to the National Broadband Network.
With Telstra slated to collect $98 billion from Canberra to cover the cost of the migration, the telco’s rivals had accused the company of “double-dipping” and extracting even more value out of its copper.
The competition regulator subsequently not only rejected Telstra’s argument but also stipulated a one-off 9.4 per cent drop in access prices, covering a period from November 1, 2015, until June 30, 2019.
Telstra’s hopes for reprieve were dashed as Judge Lindsay Foster sided with the ACCC yesterday.
Full Content: It Wire
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI