Telstra, NBN Co commence court battle over contract dispute
Telstra has told a court that NBN Co could owe the telco more than $100 million depending on the interpretation of the parties’ $11 billion contract.
Telstra has told a court that NBN Co could owe the telco more than $100 million depending on the interpretation of the parties’ $11 billion contract.
Judgement has been reserved in the Telstra (ASX: TLS) case versus Australian Competition and Consumer Commission (ACCC), Vocus Communications (ASX: VOC) and iiNet (ASX: IIN) subsidiaries as Telstra continues to maintain that it acted in accordance with its underground duct access pricing contract.
The Supreme Court of Victoria has ruled that Telstra was right to complain about an Optus ad that claimed the reach of the Optus network was nearly the same as the Telstra network.
Telstra and NBN Co are headed back to the NSW Supreme Court on December 13 after a directions hearing was held this morning presided over by Justice David Hammerschlag.
Ongoing arbitration has adversely affected the first year financial results of ASX-listed IT consulting firm Oakton (ASX:OKN), causing a slump in earnings before interest, tax, depreciation and amortisation (EBITDA) of $2.1 million.