Feeds

Telstra plans to keep hands on government BEEELIONS

Never get between rent-seeker and rent

Choosing a cloud hosting partner with confidence

Telstra has assured shareholders that having gotten one hand on an $11 billion (net present value) payment from the government, the cash will have to be pried from its cold, dead fingers.

Since it was Telstra chair Catherine Livingstone who was speaking, and she was speaking to shareholders at the carrier's annual general meeting, it was put rather more diplomatically.

Asked by a shareholder whether the carrier would be able to nail the new government to the multi-billion-dollar deal it negotiated with the previous government, Livingstone replied:

“The guarantee that I can give you is that we will always act in the best interests of shareholders. We will seek to preserve the value in those agreements in any renegotiations should that be necessary”.

The three-way agreement between NBN Co, Canberra and Telstra put in place the planned migration of customer services to NBN fibre as it becomes available. Where fibre becomes available, the customer connection would be migrated to the fibre (with Telstra retaining the retail relationship if one exists), and the copper decommissioned. The deal also involved Telstra agreeing to withdraw broadband services from the hybrid fibre coax (HFC) cable network and migrate those customers to the NBN fibre.

The change of government has made the arrangement uncertain, since prior to the election, communications minister Malcolm Turnbull made much of his plan to run fibre to street nodes and use Telstra's existing copper for the last leg of the service connection.

That would remove the basis of the $11 billion deal, while at the same time making the availability of Telstra copper to NBN Co a key dependency of the network rollout. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
SCREW YOU, EU: BBC rolls out Right To Remember as Google deletes links
Not even Google can withstand the power of Auntie
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.