[LINK] Telstra NBN vote delayed
Marghanita da Cruz
marghanita at ramin.com.au
Fri Mar 18 11:35:27 AEDT 2011
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
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