Slideshow

Timeline: The road to Telstra separation (Part II)

From its inception to its potential separation, ARN takes a trip down memory lane to chronicle the life of Australia's biggest telco.

  • Click [[artnid:318771|here]] for Part I of the Timeline February 2007: The Commonwealth’s residual 17 per cent shareholding was transferred to the Future Fund.
  • March 2007: Telstra withdrew its listing of its American Depositary Shares and underlying ordinary shares from the New York Stock Exchange, and moved to an over-the-counter American Depositary Receipts (ADR) program. Telstra continued to list its ordinary shares on the Australian Stock Exchange.
  • May 2007: Australian Competition Tribunal rejects Telstra's appeal on the price for the Unconditioned Local Loop Service on seven major grounds and affirmed the ACCC's decision of 25 August 2006 to reject Telstra's price undertakings.
  • June 2007: Telstra's COO Greg Winn tells ABC Four Corners, "We run an absolute dictatorship and that’s what’s going to drive this transformation and deliver results... If you can’t get the people to go there and you try once and you try twice... then you just shoot ‘em and get them out of the way..."
  • September 2007: Former communications minister, Helen Coonan, [[artnid:194048|announces|new]] the $1.9 billion OPEL network to roll out WiMAX to regional Australia. The network, announced a week before the election policy cut-off, would be supported with an expansion of ADSL infrastructure. Coonan says a national fibre network is not viable and claims it could cost up to $50 billion and take decades to deploy.
  • November 2007: The Labor government [[artnid:198181|wins|new]] the federal election, with future communications minister Stephen Conroy's ambitious $4.5 billion national fibre network winning over many in the telecommunications industry and general public.
  • February 2008 – Telstra rolls out next-generation broadband to 900 telephone exchanges for ADSL2+ broadband, covering 2.4 million users nationally. The high-speed service offers access speeds of 8Mbps to 20Mbps. Telstra CEO, Sol Trujillo, said the telco switched on ADSL2+ services after being assured by the new Labor Federal Government that it would not regulate third-party access.
  • April 2008: The government [[artnid:214285|pulls the plug on the Opel wireless network|new]] and [[artnid:212139|issues|new]] a request for proposals for the NBN to be in by July. A gag order is issued for all bidders, and the minster himself, but heated debate continues within the industry. Some critics argue the "open and transparent" tender is anything but and call for the process to be open to public scrutiny. The industry regulator and an expert panel are recruited to work out regulatory issues and assess bids.
  • June 2008: Telstra announces it will offer wholesale access to its ADSL2+ network.
  • June-December 2008: Tenderers for the New Broadband Network are revealed including Axia NetMedia, the shadowy Acacia consortium, Optus-backed Terria, Telstra, TransACT and the Tasmanian government.
  • July 2008: The government [[artnid:251856|calls|new]] for industry submissions on the NBN regulatory environment.
  • December 2008: Telstra is [[artnid:270911|eliminated|new]] from the NBN tender process for submitting a non-compliant bid. This resulted in Telstra's share price nose-diving from $4.12 to $3.36 during trading on the ASX the following day, 16 December 2008.
  • January 2009: Telstra is ranked top Australian ISP, in terms of performance, by Epitiro.
  • April 2009: In a [[artnid:298376|shock announcement|new]], the government says it will establish a public company and spend $43 billion to build the wholesale-only NBN. It will be built over eight years and provide up to 100Mpbs to 98 per cent of the population.
  • April 2009: ACCC rejects Telstra's anti-competitive Undertaking application for a $30 monthly charge for the Unconditioned Local Loop Service in metropolitan areas.
  • May 2009: Solomon Trujillo stood down as CEO. David Thodey took over the role.
  • June 2009: Telstra upgrades Next G network HSUPA in selected regional and metropolitan areas, combined with software updates for the "Turbo 21" modem will allow peak uplink speeds of up to 5.76 Mbit/s.
  • September 2009: The Federal Government forces a structural break-up of Telstra. The decision is aimed at carving up the company with the goal of generating more competition and consumer benefits. Telstra faces fines of $10 million if it fails to comply with tougher mandatory consumer protection standards under the Federal Government's proposal to restructure it. Telstra shares fell by 4.3 per cent after the Government made its announcement.
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