.
Telstra Corporation Ltd (ASX:TLS) and NBN Co have drawn up a series of wipeout clauses in case the project is cancelled or scaled back, that’s according to the Australian Financial Review.
Delays in the $9 billion takeover of Telstra’s fixed-line phone monopoly have reportedly been caused by speculation concerning what might happen if the Coalition wins power.
One source described the arrangement as an extensive “pre-nuptial agreement” between the companies.
The document outlining the arrangement is said to be thousands of pages in length and contains a series of contracts that both sides hope to reach final agreement on next week.
Telstra generated a net profit of $1.2 billion in the six months to 31 December 2010.
News: Telstra-NBN deal slowed
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.62 |
Change
0.010(0.28%) |
Mkt cap ! $41.82B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.65 | $3.62 | $65.42M | 18.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1092958 | $3.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.63 | 167188 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TLS (ASX) Chart |