Telstra, Coalition begin NBN talks

Telstra open to talks, but says it will not accept a weakened deal.

Telstra Corp (TLS) and the coalition government have begun talks to renegotiate the $11.2 billion deal the telecom giant signed with the former Labor government as the new government seeks to radically redraft the national broadband network (NBN), according to The Australian Financial Review.

Telstra had signed a contract with the Labor government and NBN Co in 2012 after two years of negotiations that granted NBN Co rental access to Telstra's vast network of underground pits and ducts for the NBN rollout.

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