Telstra share price slips as spectrum fee fight heats up ahead of results
Telstra shares closed down 0.2% at A$4.87 after the company urged Canberra to cap spectrum licence renewals at A$3.9 billion, challenging regulator guidance of up to A$7.2 billion. The Australian Communications and Media Authority is consulting on pricing, with submissions due Feb. 27. Telstra reports half-year results Feb. 19. The S&P/ASX 200 ended 2.7 points lower at 8,867.40.
