Telstra To Get 49 Percent of NBN – At A Cost
After initially missing out on the NBN, Telstra may now be in the running for a huge stake in the new company that will run the show.
When Telstra was shut out of the previous NBN rollout due to not fulfiling the tender requirements, Optus and the minor players in the broadband market must have been rubbing their hands will glee. That glee was shortlived when Kevin Rudd announced in early April that nobody had won the tender and it was back to the drawing board. The new plan involved selling off 49 percent of the company that was going to roll out the NBN, while the Federal government owned the other 51 percent for five years after the project was completed.