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Telstra Senate Inquiry submissions overwhelmingly oppose sale.



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LINDSAY TANNER MP SHADOW MINISTER FOR COMMUNICATIONS

TELSTRA SENATE INQUIRY SUBMISSIONS OVERWHELMINGLY OPPOSE SALE

An overwhelming majority of submissions to the Senate Telstra sale inquiry are opposed to the sale of Telstra.

Only six of the 144 submissions support the sale. Two of these are from i n v e s t m e n t b a n k s t h a t s t a n d t o m a k e h u n d r e d s o f m i l l i o n s o f d o l l a r s from the sale. One is from the Government and another from Telstra, whose managers also stand to gain millions in increased remuneration if Telstra is privatised.

More than 120 submissions oppose the sale of Telstra. These included ACOSS, the Australian Consumers’ Association and many ordinary Australians who know that if Telstra is privatised prices will rise and services decline.

The Senate inquiry into the Government’s plans to sell Telstra begins in Sydney tomorrow. If submissions are anything to go by the Government’s plan to sell Telstra is about as popular as untimed local calls. It is time the Government recognised that there is little support for its plans to sell Telstra, other than from Telstra executives and investment banks.

Labor will fight to ensure that Telstra remains in majority Government ownership delivering decent telecommunications services to all Australians.

September 29, 2003.

For further information contact Lindsay Tanner or Peter van Vliet on (03) 9347 5000 or 0408 188 055.