Telstra says deal rumours unfounded
April 13, 2010
Telstra Corporation Limited (TLS) said the rumour regarding the conclusion of National Broadband Network ("NBN") negotiations is unfounded. Media reports suggested the telecommunications giant and the Federal Government had reached a deal worth over $9 billion.
Telstra said as has been previously advised negotiations are continuing in relation to NBN.
The company said these negotiations remain incomplete and confidential.
Telstra shares climbed 9c, or 2.9% to $3.19 on the rumours yesterday.
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