Telstra, NBN say deal is on
TELSTRA insists it still wants to strike an $ 11 billion deal with the company building the national broadband network ( NBN), even though it has delayed a key shareholder vote. Telstra yesterday told the Australian Securities Exchange it would postpone an extraordinary general meeting, originally scheduled for July 1. NBN Co, a government business enterprise tasked with rolling out the NBN, wants access to Telstra’s pits, pipes and underground conduit casings as it lays out optical fibres. But Telstra said the need to get approval from the Australian Competition and Consumer Commission means it is ‘‘ no longer practicable’’ to ask shareholders for a vote by July. Still, both parties insist negotiations are progressing well. NBN Co chief executive Mike Quigley said the delay was justified and an eventual deal would mean less disruption to the public as the $ 36 billion broadband project was rolled out.