.
Regulatory approval for Telstra Corporation Limited’s (ASX:TLS) $11 billion deal with the government and NBN Co is likely to be delayed by a month.
The telco is unlikely to gain the regulatory approval it needs to meet the December 20 deadline it’s set. That’s according to media reports.
The Australian Competition and Consumer Commission has delayed the approval following legal advice, reports the Australian Financial Review, which is likely to delay the process until early next year.
Telstra posted a net profit of $3.25 billion in the 2011 financial year.
News: Telstra NBN delay
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