Rivals fear Telstra cash pile

Competitors worry that telco could use war chest to chase market share: report.

Telstra Corporation’s (TLS) recent divestments, which will leave it with a cash pile of over $5 billion, has its local rivals fearful it will use the funds to launch a push for greater market share in Australia, according to The Australian Financial Review.

In the wake of the $US2.4 billion sale of its Hong Kong mobiles business CSL and the divestment of 70 per cent of its Sensis directories business for $454 million, the market has been abuzz with talk of the next move for Telstra.

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