Same old tricks from Telecom?
A press release from Telecom just landed in my inbox: TELECOM TO SEPARATE WHOLESALE AND RETAIL OPERATIONS.
From what I can make out, Telecom is announcing that they’re going to ‘voluntarily’ do what the Government’s proposed legislation would force them to do anyway. That is, separate the accounting and business processes of their wholesale and retail departments. It’s not a full structural separation (which would involve different shareholders and upper management teams).
It’s still a good thing, but the way the press release is worded makes me think Telecom is trying to confuse the public into thinking that a full structural separation has occured.
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