Reports on demise of Telstra greatly exaggerated

By Ian Verrender – [Australia] Telstra’s management has struck a clever deal, one that largely insulates the company from any change of plan to the NBN rollout.

The $11 billion deal is comprised of three main payments. The first is $5 billion for a 30-year lease over Telstra’s fixed-line infrastructure. Thanks to some clever negotiations by Telstra’s Tony Warren, the company receives...