Breakup
Telco giant Telstra (ASX:TLS) struggles through its $11 billion deal move to the National Broadband Network. Telco received a 90-day deadline extension to forward a plan to break up its retail and wholesale departments.
The Australian reported that Telstra now needed to submit the separation details to the Australian Competition & Consumer Commission within 90 days or before April 1. The deadline extension was granted until June 30, however, by Communications Minister Stephen Conroy.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)
