[LINK] the Telstra TruJerko Trio

[Richard Chirgwin]

Craig wrote:
> IMO, Trujillo was hired specifically to bring down the telstra share
> price so that institutional investors could get a T3 bargain. 
Agree. And not only do I agree with you, Craig - but in a piece in the 
Saturday business section of the SMH on September 2, this was 
specifically stated by several share analysts. What was shocking was not 
the idea that the share price would be "talked down" to offer a bargain 
- shocking enough since that amounts to stealing from the taxpayer! - 
but that none of the share analysts saw anything disturbing about doing so.


[snip]
>> How can one continue to have feelings of loyalty towards Telstra?
>>     
>
> i don't think many (if any) have any loyalty towards telstra.
>   
Loyalty to a business entity is, anyhow, a silly idea ... as soon as a 
citizen starts letting loyalty to a company dictate their purchases, 
they are easy prey ...
> loyalty towards the idea of publicly-owned telecomms infrastructure,
> though, is another thing.
>
> IMO, telstra should be split into infrastructure (i.e. maintainence and
> wholesale) and sales & marketing. infrastructure should stay in public
> hands, and S & M can compete for business along with all the others.  of
> course, that wont and cant happen now.
>   
It was advocated ten years ago and ignored by the political sphere, 
because the people advising the government about the float were not 
interested in the industry at large, or the community. The catch-cry was 
that Telstra "had to be" a vertically-integrated entity so as to obtain 
the best share price at float; any other way would reduce its value. The 
split entity is an idea which is now endorsed by even respectable 
economists - but as you say, Craig, it won't happen.

To answer Marghanita's question but without a dissertation on the 
structure of the industry: there are other owners of some infrastructure 
such as long-haul fibre, access fibre, DSLAMs, long-haul microwave links 
(mostly Optus but with some others), mobile networks (the largest-scale 
competitive infrastructure I guess), and wireless ISPs.

However, if we talk about "Telstra infrastructure", including its copper 
loops and exchanges, then yes, it is all owned by different divisions of 
Telstra Corporation.

RC
> craig
>
>