Australian communications firm Telstra has finalised key commercial terms with NBN Co, in an agreement that is expected to deliver approximately AUD 9 billion in post-tax net present value to Telstra. The company also reached an in-principle agreement with the Australian government over the specific measures that are expected to deliver a further approximately AUD 2 billion in post-tax net present value. The company said it is still working to complete the necessary documentation and as soon as it is finalised by both parties the company will provide detailed information on the proposal. Telstra expects to put the proposal before shareholders on 1 July this year. Telstra has provisionally agreed commercial terms relating to copper network decommissioning, dark fibre and duct usage, exchange usage, certain roll-out arrangements and other matters with NBN Co, the government-owned company rolling out the National Broadband Network (NBN). Telstra will also commission an independent expert report for shareholders.
