Optus says it welcomes the Australian Competition and Consumer Commission’s (ACCC) decision to reject the proposed network-sharing deal between Telstra and TPG.
Optus is the Australian subsidiary of Singapore Telecommunications Z74 (Singtel).
“We are delighted that the tribunal has upheld the ACCC’s original decision to block this anti-competitive arrangement,” says Kelly Bayer Rosmarin, CEO of Optus. “This reinforces the importance of infrastructure-based competition and investment in our communications sector that will have lasting benefits for regional Australia.”
She adds that this is a “good outcome” for the regional communities as they will continue to benefit from the competition.
Optus has invested A$43.7 billion ($39.8 billion) in infrastructure and services since 1992 and will spend an additional A$1.6 billion this year.
As at 9.16am, shares in Singtel are trading 1 cent lower or 0.4% down at $2.50.
