Telecom stocks in Australia, NZ slide after SpaceX spectrum deal

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 12 Oct, 07:38 UTC

Following SpaceX's acquisition of spectrum, Telstra, TPG Telecom, and Spark New Zealand faced substantial stock drops, raising investor alarms over competitive pressure from satellite mobile services. Analysts point to Telstra's dependency on its coverage strengths amidst shifting regional pricing…