Reuters
3 minute read
A pedestrian walks past a Telstra logo adorning a phone booth in the central business district (CBD) of Sydney in Australia, February 13, 2018. Picture taken February 13, 2018.
MELBOURNE, July 19 (Reuters Breakingviews) - The scary call to Telstra (TLS.AX) is coming from inside the house. The A$45 billion ($33 billion) Australian telecommunications operator on Monday confirmed media reports that it was in talks to buy Digicel Pacific businesses in Fiji, Papua New Guinea and other nearby islands in partnership with the government Down Under.
Financially speaking, the deal would be minor. Digicel Pacific generated about A$320 million of EBITDA in 2020, only about 4% of what analysts expect Telstra to earn in the year through June. And in any case, Australian taxpayers probably would pick up most of a potential A$2 billion tab.
Optus CEO hits back at Telstra spectrum demands
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East-West Rail project: It s going to cut us in half
By Phil Shepka & Ben Schofield
BBC News
image captionLidlington level crossing is at the heart of a number of East-West Rail proposals
Residents of the small Bedfordshire village of Lidlington talk proudly about their thatched-roof pub, beautiful woodlands, lake popular with birdwatchers and their unique position at the bottom of a steep winding hill. But there are fears it could be divided in two under plans for a new rail link. How have the villagers reacted?
Lidlington s level crossing is at the heart of a number of proposals under the £5bn East-West rail project. It could be closed for 40 minutes every hour.