Stanhope's crowning NBN achievement

Telstra's deal for compensation as it exits its aging copper network and escapes intrusive regulation is good news for shareholders, regardless of what happens with the federal government.

Telstra has been very careful not to compare its $11 billion deal with NBN Co and the federal government to the status quo before Stephen Conroy coerced it into agreeing to a staged exit from its traditional copper-based fixed line business.

In one sense that comparison would be pointless given that, having agreed to terms and with NBN Co now rolling out its fibre network, the old status quo is already history that can’t be revisited.

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