“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.
