TEX Blog

Telstra and NBN Co. have formed a financial heads of agreement to exchange significant fibre and fixed infrastructure valued at $11 billion. Yesterday's announcement by the Department of Broadband Communications and the Digital Economy (DBCDE) provides a sound platform for the ongoing support of the NBN. The Government's implementation study highlighted that the NBN would be financially viable even without Telstra, so this should really help the numbers to stack up. How about the political situation? The sign up of Telstra as a key contributor to the NBN will make it very difficult for any new government to completely block the program. It might be a good time to look at the long languishing Telstra shares as well.

For the full announcement go to the following sites; 

     http://www.minister.dbcde.gov.au/media/media_releases/2010/060

http://www.pm.gov.au/node/6832

http://www.nbnco.com.au/publications-and-announcements/latest-announcements/doc/nbn-co-and-telstra-reach-heads-of-agreement