TLS

Here are the Top 100 Australian Companies bottom 10 stocks which lost the most percentage points of company value on the share market, the Australian Securities Exchange (ASX) this 29th week of 2010 (last week):

Telstra (ASX:TLS) has retrenched 30 senior executives last night and is planning to be retrenching another 300 senior managers in the coming weeks. Telstra's job rationalisation program is part of Chief Executive David Thodey's plan to remove bureaucracy to simplify its business processes and better serve Telstra customers.

Here are the top 10 performing stocks of the ASX 100 on the Australian Securities Exchange (ASX) this 25th week of 2010:

The shares of Telstra (TLS), the largest telecommunications carrier of Australia is likely to start gaining in the stock market as the company is expecting to see its $11 billion worth of NBN deal coming on board. NBN Co. and Telstra has announced the in-principle agreement on Sunday according to which the carrier is to decommission its copper and cable telephone and broadband services and will have to move its users to the national broadband network which worth $43 billion.

Liberty Global, a US media cable giant which controls regional pay-TV company Austar (AUN), has said that is it interested in acquiring a stake in rival Australian cable TV operator Foxtel.

The rivals of Telstra (TLS), are now stepping up their campaign on the independent senator of Victoria Steve Fielding in an attempt to convince him to change his stance regarding the Telstra bill. They are looking forward to see Mr. Fielding backing the bill before the senate. Chief executives of Macquarie Telecom, TransAct, Optus and Primus have communicated with the Senator and claimed that the legislation have revealed the fact that Telstra is currently posing threat to the industry.

Australia’s largest telecommunication carrier Telstra (TLS), continues to struggle as a large number of analysts downgraded its share this week. The downgrading took place at a time when the company is planning to offload fresh block of shares in the market. The $66 billion worth of Future Fund of commonwealth, which holds 10.9 percent ownership of Telstra, will be able to go on with selling its stake from Tuesday next week.

Telstra (TLS), the largest telecommunications carrier in Australia which provides information and telecommunications services including internet, mobiles and pay television services had the worst performing shares in the ASX100 list in the 6th week. The company had a market capitalisation of $38822.4 million. Telstra lost 7.9 percent or 27 cents to its stock price and was closed for the week at $3.12.

The rivals of Telstra (TLS), which is the largest telecommunication carrier of Australia has became furious after the Australian Competition and Consumer Commission (ACCC) decided to freeze the prices of accessing millions of telephone lines through the company. ACCC announced that it would roll the prices over to December 31 of the next year despite revealing a new pricing model in August.