Telstra’s Thodey calls for ‘quick’ NBN negotiations to ease shareholder concerns

Published 09 September 2013 09:31, Updated 11 September 2013 11:08

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Telstra’s Thodey calls for ‘quick’ NBN negotiations to ease shareholder concerns

Telstra chief executive David Thodey has pledged to “engage constructively” with the new Coalition government over their national broadband network policy commitments. Photo: Paul Harris

Telstra chief executive David Thodey has urged the new Coalition government to “quickly” engage in negotiations over the rollout of its national broadband network alternative and help minimise uncertainty for shareholders.

Mr Thodey congratulated the Coalition on its victory and said he looked forward to working with them on a range of issues.

“The new government has committed that they will seek to renegotiate our NBN agreements and keep Telstra shareholders whole,” he said. “We will engage constructively with the Coalition government on how we can best help them deliver their NBN policy commitments.

Telstra engaged in protracted and painful negotiations with the Labor government before signing an $11 billion deal to rent its infrastructure and structurally separate its retail and wholesale divisions.

But the Coalition’s communications spokesman Malcolm Turnbull has previously told The Australian Financial Review he does not expect to pay Telstra any extra money to take ownership of its copper network.

Read the full story at The Australian Financial Review.

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