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A $9 billion deal between Telstra and NBN Co on delivery of the national broadband network is being delayed by speculation over Australia’s political future.
The Australian Financial Review reports that NBN Co. and Telstra have drawn up a series of ‘wipeout clauses’ in the event the $36 billion project is cancelled or scaled back if there is a change of government.
The scenarios include Telstra bidding to buy back the fibre-optic network from the government.
The deal under negotiation would give NBN access to Telstra infrastructure and Telstra’s customers moved to NBN Co.
About the author
Mike Andrew has been working with the Internet and small business for over 12 years. Mike has been a keynote speaker at conventions and seminars and conducted social media training sessions all over the world. Mike has an extensive media background having worked in electronic media for over 30 years.
Mike specialises in social media and Internet marketing strategy, SEO techniques and search engine marketing campaigns.
His articles appear on numerous blogs around the web as well as national magazines.
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