If Telstra secures it's final sale (as appears to be a fait a compli) and once the last share is pried out of government hands, Telstra will abandon its Countrywide operations quicker than you can say "I thought Barnaby was going to protect all of this?".
Why? Well, why wouldn't it. As a commercial operation, the nearest "equivalence" we have to them in size would be the big banks. And how many big banks have retained a significant presence in regional and particularly rural Australia? So why would/should Telstra be any different.
You don't need to be a complete dill to realise that Countrywide is simply a political device to sure up support for the sale - and as a commercial entity, it has to make absolutely NO sense to operate when everything it does could AS EASILY be run out of Sydney, or Melbourne, or India...
Oh, why are people so ignorant to the obvious - it beggars belief sometimes...
Thursday, September 08, 2005
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