Telstra boss David Thodey has chimed in on Australia’s foreign ownership debate, arguing that government restrictions have kept it from attracting investors and growing overseas.
Like Qantas, Telstra’s primary rival – Optus – is majority foreign owned.
Here’s what Thodey told The Australian:
“The constraints are real because, if we or Qantas want to do something internationally, we are limited with what equity we can play with.
We can go and acquire assets around the world, but if we wanted to do a major merger that’s when it would become a constraint.”
There’s more on the Aus.
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