A: Thanks for the question – I am not sure I know the answer.

Telstra held its AGM yesterday (Tuesday 14 October).

This is what the Chairman (Catherine Livingstone) had to say about the NBN:

The new Federal Government, elected last year, determined that the design of the NBN would be modified to use a range of technologies, instead of the previous government’s predominantly fibre to the premises approach.

As a result, we are currently engaged in renegotiations with the Government, and NBN Co, on aspects of our 2011 Definitive Agreements.

The renegotiations are progressing well, and the parties are working constructively toward a common goal.

Through all of this we are committed to acting in the best interests of you, our shareholders. We are focussed on maintaining the value of current agreements, achieving certainty of outcome as soon as possible, and minimising any additional regulatory risk.

It doesn’t appear that there is any new material concern about the NBN at Board level.