Telstra to protect NBN value

Telstra Corp Ltd chairwoman Catherine Livingstone has pledged to shareholders that she will protect the value of Telstra's $11 billion National Broadband Network (NBN) agreement as it renegotiates its involvement in the project with the coalition government, according to The Australian.

Investors have questioned whether the coalition's plan to reform the NBN will result in a poorer situation for Telstra investors.

“I can't speculate on what those changes might be as we're waiting on the government complete its reviews and determine how it will prosecute the development of the NBN going forward,” Ms Livingstone told investors at Telstra's annual general meeting on Tuesday, according to The Australian.

“The guarantee that I can give you is that we will always act in the best interests of shareholders.

“We will seek to preserve the value in those agreements in any renegotiations should that be necessary.”