Veteran Telstra shareholder blames Optus for sinking mobile margins
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Veteran Telstra shareholder blames Optus for sinking mobile margins
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Long-time Telstra shareholder Anton Tagliaferro has blamed rival Optus for creating unsustainably low mobile prices that have dragged down the profit margins of the entire industry.
Mr Tagliaferro's fund management firm Investors Mutual owns about 1 per cent - or 100 million shares - in Telstra after increasing its stake over the last few weeks. He said selling half of the telco giant's mobile infrastructure division and a less aggressive mobile pricing market could shore up Telstra's 16¢ dividend for investors.