[LINK] Telstra NBN vote delayed

[Marghanita da Cruz]

The release to the market is available here - I read it 
slightly differently:
<http://www.telstra.com.au/abouttelstra/download/document/tls772-nbn-timing-update.pdf>
Jan Whitaker wrote:
> "Telstra $11b NBN deal vote delayed
> Ben Grubb
> March 18, 2011 - 11:10AM
> 
> Telstra has pushed back a crucial shareholder vote on its $11b 
> financial heads of agreement with NBN Co, the government-owned 
> company charged with building the federal government's national 
> broadband network.
> 
> The deal, which requires shareholder approval, was to be put to them 
> in the first half of this year.
> 
> But in a statement to the share market this morning, Telstra said 
> that it had "now reached the point where a 1 July meeting is no 
> longer practicable".
> 
> However, it said that negotiations continued to "progress well, with 
> all parties working together to agree and document the various 
> detailed arrangements required to implement a transaction of this 
> scale and complexity".
> 
> It said a "number of matters" were yet to be finalised, including 
> some that required government approval.
> 
> The telco giant said it was looking at options for an alternative 
> meeting date for the vote."
> 
> http://www.theage.com.au/technology/technology-news/telstra-11b-nbn-deal-vote-delayed-20110318-1bzqn.html
> 
> 
> 
> 
> Melbourne, Victoria, Australia
> jwhit at janwhitaker.com
> blog: http://janwhitaker.com/jansblog/
> business: http://www.janwhitaker.com
> 
> Our truest response to the irrationality of the world is to paint or 
> sing or write, for only in such response do we find truth.
> ~Madeline L'Engle, writer
> 
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-- 
Marghanita da Cruz
http://ramin.com.au
Tel: 0414-869202