Reports in the 9News and other sites over the weekend of the Federal Government proposing to support Telstra in a bid to buy Digicel telecom assets in the Pacific.
"The Australian Financial Review reported on Thursday that the government had approached Telstra to assess its interest in taking an ownership stake in Digicel’s Pacific operations…Digicel has a 3G and 4G mobile phone network as well as access to undersea cables in the region."
I'm all for supporting the region, more than we currently do, but $2b. of taxpayer money to support Telstra seems excessive to me. All for what appears to be a bit of government posturing against China.