Ann: Telstra Investor Day 2016, page-4

CP found my bone again,quote from presentation,tls 'considering the best use of nbn payments,both one-off psaa payments and recurring payments under the ISA'.(infrastructure services agreement)
Now add that in presentation tls seems eager to have the nbn rolled out,so once rolled out those ISA payments over next 30 to 40 years, will b maximised on nbn roll out and confirming the value of tls's fixed network.As previously posted $20b approx.(the higher the rent payments from nbn to tls the greater the value of this asset.
Now maybe i am missing some strategic reason for tls holding onto this asset and b the land lord for nbn but i can't c it,but i can c the obvious benefits in tls selling the infrastructure and investing in what they regard as tls's future ie mobile,NAS,seacable connectivity etc,related businesses etc.
Such an ipo would leave tls with no debt and probably billions in the bank.
imo this would b a big fat rabbit if penn is able to do it.