Telstra claims potential NBN deal is worth AUD16 billion

1 Nov 2010

Australia’s dominant fixed line provider Telstra has claimed that the value of its proposed deal with NBN Co, the public private company created to oversee the creation of the National Broadband Network (NBN), could be worth as much as AUD16 billion (USD15.73 billion). According to The Australian, Telstra has argued that the AUD11 billion valuation that many have previously attached to the deal is post-tax amount, with the incumbent making the claim in a submission to the Australian Competition and Consumer Commission (ACCC) regarding the deal.

A final agreement between Telstra and NBN Co is still under negotiation, after a preliminary deal to transfer Telstra customers from the telco’s copper network to the in-deployment NBN was signed in June 2010. Telstra CEO David Thodey has said it would be ‘tremendous’ if talks were concluded by Christmas, which would allow the company’s shareholders to vote on the matter by the middle of 2011.

Australia, NBN Co, Telstra (incl. Belong)