Telcos called on for competition

Telcos called on for competition. The independent review panel conducting a cost benefit analysis of the nation's NBN delivered its preliminary report to government last week recommending, amongst other things, that some telco operators could be compelled to open their networks to competition. An implication of the Vertigan Review recommendations is that telcos could potentially be forced to sell wholesale access to other parties. This could impact the likes of TPG Telecom (ASX: TPM) which, as permitted under current legislation, is building out their current fibre network to certain apartment buildings in Australia to compete directly with the NBN. As with all recommendations by advisory panels such as these, the likelihood of them being implemented is dependent on the minister's response, in this case Malcolm Turnbull. You can register to receive our wrap via (VIEW LINK) and access our latest email here: (VIEW LINK)