Sydney | Dec 20, 2010 | Reuters | by Adrian Bathgate
A $10.8 billion deal between the Australian government and telecoms firm Telstra Corp over Telstra’s role in the $35 billion National Broadband Network will not be completed this year, the Australian Financial Review said on Monday.
The delay comes as the government asked the state-owned National Broadband Network Company to rewrite parts of its business plan, making it harder to meet Telstra’s planned deadline of a shareholder vote by the end of June 2011, the paper said.
Parts of the NBN’s business plan are set to be revealed on Monday but the plans had to be revamped after the competition regulator told the government to increase the number of points where internet service providers can access the network.
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