Australia’s competition regulator has cautioned that Telstra Corporation Limited’s (ASX:TLS) structural separation plans face “significant unresolved issues”.
The warning comes from the Australian Competition and Consumer Commission’s group general manager who spoke at a parliamentary committee hearing today.
Just last week shareholders voted in favour of the telco’s $11 billion national broadband network deal with the federal government.
Final approval from the ACCC is expected before the end of this year.
The watchdog has not specified when it expects to announce a decision but advises it has a entire branch committed to negotiating the final agreement before it is given the go-ahead.
Telstra posted a net profit of $3.25 billion in the 2011 financial year.
