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Australia Rejects Telstra Bid To Raise Network Fees

Law360 (June 15, 2006, 12:00 AM EDT) -- Australia’s competition regulator has disconnected Australian telecommunications company Telstra Corp.’s call to hike up the wholesale price it charges rivals to access its fixed-line network, claiming the new fee would cut off investment in the industry.

While the Australian Competition and Consumer Commission’s rejection of the leading phone company’s proposal Thursday was expected, the matter is not likely to be settled by the time the government decides whether to sell its $17 billion stake in Telstra later this year.

The regulator said Telstra was not able...
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