Thodey: Telstra NBN agreement to be written up in two months
- 10 February, 2011 13:05
A complete version of the deal between NBN Co and Telstra will ‘probably’ be ready within two months, according to Telstra CEO, David Thodey. The news comes as both companies finalise key commercial terms.
“As soon as we’ve got that information tied down we will be sharing that information and so you can start looking at the substance of those proposals,” he said. “Now we’re moving into documenting those commercial terms and we said that’ll probably take a couple of months to get through.”
Thodey made the comments in Sydney to analysts and journalists during a half-yearly financial results briefing.
The key commercial terms between Telstra and NBN Co are set to deliver $9 billion to the telco in exchange for a range of infrastructure arrangements.
But despite pledging openness, the CEO still won’t reveal when the full details will be released to the public or shareholders.
“We have set ourselves a target of July 1 to put the proposal to shareholders,” he said.
“That’s a very aggressive timeframe and there are many moving parts there but we’re going to go for it.”