David RichardsA full 33 page summary of the Telstra NBN Co deal has been announced including a full breakdown of costings.
Telstra signed the Definitive Agreements with NBN Co and the Commonwealth for its participation in the rollout of the National Broadband Network (NBN) earlier today with CEO David Thodey and Prime Minister Gillard set to hold a joint press conference in Canberra later today.
The agreements remain subject to the satisfaction of a number of conditions, including the critical step of ACCC acceptance of Telstra’s structural separation undertaking and approval of its migration plan.
Telstra Chairman Catherine Livingstone said the Definitive Agreements needed the approval of a majority of Telstra shareholders with the vote currently scheduled for the company’s Annual General Meeting (AGM) to be held in Sydney on 18 October 2011.
The Telstra PDF document detailing the full aspects of the deal can be downloaded below,