With the Opposition playing silly buggers in parliament at the end of last year, it was always going to be a tough ask for Telstra to meet the July 1 deadline of putting the NBN agreement to shareholders. This morning the company confirmed in a statement to the Stock Exchange that the negotiations wouldn’t be completed in time for a vote this financial year.
“A number of matters are yet to be finalized, including some that require government approval,” said the Telstra statement. The Telco requires the shareholder vote to approve the $11 billion deal with NBN Co for the handover of their wholesale arm.
While the delay shouldn’t hinder the deal significantly, it will inevitably cause some delays to the NBN rollout. But given that the rollout is going to take the better part of this decade anyway, it’s unlikely to pose a significant problem.
Mick
Friday, March 18, 2011 at 3:45 PMI am looking forward to the NBN. I have horrible internet access at my house and the only form of internet available is Telstra Wireless. But even that has improved significantly in the last few years for speed and price. So my belief is, that by the time this beautiful creation of a network rolls out. The Wireless network available will be far superiour and the NBN will be obsolete.
Thats just my theory.
Adam
Friday, March 18, 2011 at 5:17 PMMy theory is you have no idea what you are talking about
Graeme
Friday, March 18, 2011 at 7:02 PMSeconded. Shall we put it to a vote?
Jaime 'Pado' Pattenden
Friday, March 18, 2011 at 11:13 PMI second that.