Thodey's sitting pretty on Telstra's NBN war chest

David Thodey managed to lock in a huge NBN bounty with Labor, largely because Rudd wasn't across the numbers and Conroy was anxious to get a deal done. Telstra's CEO has big plans on how to spend that money.

As time goes by it becomes clearer that the 2012 Telstra-NBN deal was one of the greatest transactions ever done by an Australian corporation with the government. For political reasons it is quoted as a deal that will produce revenue for Telstra of $11 billion in post-tax net present value. There has been much speculation as to the extent of the actual dollars that Telstra will receive over the next 20 or so years.

By chance I had the opportunity to discover that the $11bn discounted figure translates into a cash sum of around $65bn.

Yes, that’s right: $65bn.


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