Australian incumbent Telstra has moved to raise the valuation of its proposed national fibre-optic deal with the government to A$16bn (US$16bn), reported The Australian.
The company has reportedly submitted a claim to Australia’s competition regulator,…
Australian incumbent Telstra has moved to raise the valuation of its proposed national fibre-optic deal with the government to A$16bn (US$16bn), reported The Australian.
The company has reportedly submitted a claim to Australia’s competition regulator, Australian Competition and Consumer Commission (ACCC) arguing that the widely cited A$11bn (US$11bn) valuation would be a post-tax amount.
The deal will see the creation of a public-private company called NBN, which will result in Telstra gradually replacing its copper network to roll out high-speed broadband across the country.
According to the report, the A$11bn (US$11bn) valuation is a widely-used figure that comprises A$9bn (US$9bn) to pay the incumbent to decommission its old lines, and A$2bn (US$2bn) of benefits resulting from a variety of new public policy reforms.
Telstra was unable to comment before the press deadline.
