[AusNOG] Telstra and NBN co sign Financial heads of agreement.

[Mark Newton]

On 20/06/2010, at 1:31 PM, James Andrewartha wrote:

> On Sun, 20 Jun 2010, craig at askings.com.au wrote:
> 
>> The statement values it at 11 billion, but doesn't mention exactly how
>> much money will be changing hands.
>> 
>> http://www.telstra.com.au/abouttelstra/download/document/tls729-telstra-signs-financial-heads-of-agreement-on-nbn.pdf
> 
> $9b will change hands for the ducts, and Telstra reckons they'll save $2b 
> from the USO being revamped: 
> http://www.minister.dbcde.gov.au/media/media_releases/2010/060

It's a non-binding financial heads of agreement.  

Non-binding.  And financial.

Telstra now gets to be involved in just about every NBN implementation
decision, AND they get the opportunity to wait a year then say, "Hey,
that non-binding agreement? Yeah, about that: Irreconcilable differences..."
AND they're getting paid $9b to do it.

Hilarious :)  Telstra's negotiators have certainly earned their money
over this one.


 - mark

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Mark Newton                               Email:  newton at internode.com.au (W)
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