Australian Stock Report - Share Tips
Telstra (TLS) Finalises Deal For NBN Network
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Publish date: Wed, 07 Mar 2012, 03:02 PM
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Telstra (TLS) Finalises Deal For NBN Network
Telstra Corporation Limited is a full service domestic and international telecommunications provider for Australia.
The Company provides telephone exchange lines to homes and businesses, supplying local, long distance and international telephone calls and supplying mobile telecommunications services. Telstra also provides data, internet, on-line services and directory services.
Telecommunications Stock Telstra announced that it has finalised its $11 billion agreement with the federal government and NBN co for the rollout of the National Broadband Network (NBN).
The agreement will see Telstra receive close to $11 billion over the life of the agreement, which ensures that the company's infrastructure will be used by the NBN.
CEO David Thodey said that Telstra has concluded almost three years of intense and complex negotiations and is pleased to deliver this positive outcome for customers and shareholders.
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Telstra (TLS) Finalises Deal For NBN Network is a post from: Australian Stock Report Share Tips
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