Telstra share price on watch after OECD flags competition squeeze ahead of spectrum renewals
Telstra closed flat at A$4.72 Friday, down 1.3% for the week, as the OECD urged pro-competition reforms in Australia’s mobile sector. The ASX cash market will be shut Monday for Australia Day. The Australian regulator is taking submissions on spectrum licence renewals until Feb. 27. Telstra’s half-year results are due Feb. 19.