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Additional Information

Market:	ASX
Sector:	Telecommunications
EPIC:	TLS
Latest Price:	3.44 (0.29% )
52-week High:	3.44
52-week Low:	2.60
Market Cap:	42,804.20M

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Telstra

Telstra claims it is the only communications company in Australia that can provide customers with a truly integrated telecommunications experience across fixed line, mobiles, broadband (BigPond®), information, transaction and search (Sensis®) and pay TV (FOXTEL).

Telstra shares hammered after excluded from National Broadband Network

Monday, December 15, 2008 by Proactive Investors

Telstra (ASX:TLS) has been informed that the Commonwealth has excluded it from the National Broadband Network (NBN) request for proposals (RFP) process.

Telstra’s Chairman, Mr Donald McGauchie, said “the decision to exclude us from the RFP is the Commonwealth’s decision to make. But Telstra is the only company to have submitted a proposal with a real financial commitment – of $5 billion. And Telstra is the only company with the existing network, technical know-how, world-leading vendor, skilled workforce, established wholesale systems and proven track record of building world-class networks.

The reasoning given by the Commonwealth for the exclusion is that Telstra did not include a plan for how to involve small and medium enterprises (SMEs) in the building of the NBN when Telstra lodged its NBN proposal on 26 November. Telstra considers it has fully complied with the RFP requirements (which did not require a SME Plan to be lodged as part of the RFP Proposal itself) and that the Commonwealth has used a peripheral issue to exclude Telstra.

"This is the largest, most complex NBN build anywhere in the world. Australia now risks being the only country ever to build an NBN without the existing fixed network owner in the most difficult financial climate in decades."

Telstra shares were trading down 5.6% to $3.87

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