Sunday, 19 November 2017

NBN scuttles Telstra's A$5.5bn securitisation plan

By Mary Lennighan, Total Telecom
Wednesday 30 August 17

Australian telco's plan to return money to shareholders and pay down debt blocked by national broadband firm, which says deal would not be in its best interests.

NBN on Wednesday said it would not consent to Telstra's plan to generate up to A$5.5 billion in cash from its predicted future revenues from the national broadband network project. The decision is a blow to Australia's telecoms incumbent, which had planned to return the bulk of the sum raised to shareholders…

NBN on Wednesday said it would not consent to Telstra's plan to generate up to A$5.5 billion in cash from its predicted future revenues from the national broadband network project. The decision is a blow to Australia's telecoms incumbent, which had planned to return the bulk of the sum raised to shareholders…

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