Fuma action, page-5

Thanks for outlining some of the cost implications that may be involved if ifl copy bt.

The only additional point that might be worth considering is that the most significant short term risk for ifl would be due to the royal commission abolishing the vertical integration model, and I think wbc is maneuvering to make this as unlikely as possible which obviously benefits ifl. Clearly, as the telecos can attest to, one never likes fierce competition but I think bt is trying to make itself look as good as possible in the eyes of the regulator/Hayne/media etc, rather than necessarily fighting for market share at this time.