TLS 1.54% $3.84 telstra group limited

headline deal = $11b, page-14

  1. 14,061 Posts.
    lightbulb Created with Sketch. 72
    i think the $9bn is to LEASE the infrastructure to the NBN!!!!

    the lease runs out in 10 years

    I wonder what happens then?

    does telstra offer to buy the fibre???

    here is the original

    "In a major breakthrough in protracted negotiations between the government and Australia's largest telco, Telstra will be paid $9 billion to effectively lease its existing infrastructure to NBN Co - the company that will build and operate the network.

    The terms of the lease were not disclosed but sources close to the negotiations told AAP the agreement was for a period much longer than 10 years."

    extraordinarily good deal!!!
 
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