Telstra, NBN Co back in court this April
NBN Co and Telstra will this April resume their argument over consumer-price-index (CPI) adjustments in the companies’ $11 billion agreement.
NBN Co and Telstra will this April resume their argument over consumer-price-index (CPI) adjustments in the companies’ $11 billion agreement.
NBN Co has appealed a decision by the New South Wales Supreme Court that had supported Telstra’s interpretation of consumer-price-index (CPI) adjustments in the companies’ $11 billion agreement.
NBN Co will owe Telstra $200 million more than it expected over the next 30 years, unless it appeals a decision reached today by the NSW Supreme Court.
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 and NBN Co will argue contract terms before the NSW Supreme Court on 30 June, a directions hearing has decided.
The NSW Supreme Court has put off an argument between Telstra and NBN Co until the second quarter of next year.
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.
Former iSoft chief executive, Gary Cohen’s attempts to delay the medical software group’s sale to CSC have been dismissed by the NSW Supreme Court as without foundation, enabling the sale to go ahead.