Telstra Corporation Limited (ASX:TLS) has handed its structural separation plans to the Australian Competition and Consumer Commission (ACCC) for review, committing the telecommunications giant to structural separation by July 2018.
It means the company’s wholesale and retail arms will be separate entities by that date.
The split will happen with the gradual disconnection of broadband and fixed voice services on the company’s copper and hybrid fibre coaxil networks.
Chief executive David Thodey said the split offers practical improvements to areas of concern.
Telstra Corporation Limited (ASX:TLS) reported a profit of $1.2 billion in the second half of last year.
