‘Diminished’ Telstra Derated

Credit rating group, S&P Global dropped Telstra’s credit rating, saying the country’s top telecommunications company has a “diminished” role in the industry and faces difficulty in executing a plan to move from telco to ‘techco’ (a technology-driven company).

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Telstra & TPG, Who Will Win Share?

TPG has confirmed its intention to build a fourth mobile network in Australia with its successful A$1.26bn acquisition of two 10MHz spectrum licenses in the most recent Government tender. The market’s reaction has been savage, with the share price of the dominant incumbent operator Telstra, falling by almost 10 per cent since TPG’s announcement.

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