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Turnbull spruiks win for Telstra
[April 18, 2012]

Turnbull spruiks win for Telstra

Apr 18, 2012 (The Australian Financial Review - ABIX via COMTEX) -- Telstra CEO David Thodey and new CFO Andy Penn are tipped to signal a stock repurchasing scheme when they brief analysts on 19 April 2012. It would be funded by the receipts from the telco's deal with national broadband network manager NBN Co for the latter to acquire cabling infrastructure, worth some $A11bn. However, Opposition communications spokesperson Malcolm Turnbull argues that his alternative proposal involving fibre optics to the node rather than premises would accelerate the roll-out of the network and therefore also the payments flowing to Telstra.

Publication Date: 19 April 2012 TELSTRA CORPORATION LIMITED - ASX TLS NBN CO LIMITED CITIGROUP PTY LTD AUSTRALIAN LABOR PARTY

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