Significant gap between Telstra and NBN
Telstra Corporation Limited (TLS) said there is currently a significant gap between Telstra and NBN Co on what each party considers to be an acceptable financial outcome in regards to the negotiations regarding the future of Telstra’s fixed local access network and associated matters. The company said there are also a range of commercial matters that are yet to be agreed.
Telstra’s statement follows what it said, “have been a number of recent media articles speculating on the status of Telstra's negotiations in relation to the National Broadband Network”.
The company said the Government and NBN Co are approaching the negotiations on a “business-to-business” basis.
Additionally, Telstra said it is discussing ways in which the gap can be bridged, recognising that the Government has highlighted the national interest benefits of the NBN and reform of the telecommunications industry.
“Further, as Telstra has stated in its submissions to Government, a range of legislative changes and regulatory approvals will be needed for an agreement to be implemented,” the company said.
As at 1021 AEDT, Telstra shares were unchanged at $3.17.
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