Telstra (ASX:TLS) has pushed back an extraordinary general meeting initially scheduled in July for shareholders to vote on its financial heads of agreement with NBN Co, but has continued to advise that negotiations remain on track.
Australia’s major internet service providers (ISPs) have issued a lukewarm response to the news of Telstra and NBN Co coming to an agreement on commercial terms, months after initially envisaged and following numerous delays in negotiations.
Telstra shareholders will vote on the $11 billion financial heads of agreement with National Broadband Network wholesaler NBN Co by 1 July this year, the telco has revealed.
The Gillard Government this week released a 36-page summary of the NBN Co business case, prepared by the network wholesaler. Here are the key findings.
Telstra will look to complete negotiations around the non-binding Financial Heads of Agreement with NBN Co by 20 December this year, with a view to gain shareholder agreement by late June 2011.