Announcements
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Telstra remains committed to working with Federal Government
Telstra Chief Executive Officer David Thodey today responded to the Federal Government's proposed regulatory reform package.
"While we are disappointed the government has felt it necessary to introduce this legislation, Telstra remains committed to working with the government to find a solution that is in the best interests of the industry, the nation, Telstra and our shareholders," Mr Thodey said.
"It is Telstra's view that many aspects of this package are unnecessary and need never be implemented if a mutually acceptable outcome can be reached on the National Broadband Network.
"Telstra supports the Government's NBN vision. We are willing to discuss options around separation."
Telstra will carefully examine the package over the coming days, he said.
"At all times, our approach to regulatory reform and the NBN will continue to be driven first and foremost by the need to protect the interests of our shareholders," Mr Thodey said.
The NBN has been given the strongest possible board and management focus, including the establishment of a dedicated Board sub-committee, chaired by the Chairman of the Board, Ms Catherine Livingstone, and an NBN engagement team, led by Group Managing Director Mr Geoff Booth.
Telstra has done a large amount of work to ensure we have the best possible understanding of the complex and challenging issues around separation and NBN.
"We are actively and constructively engaged with Government." Mr Thodey said. "Much remains uncertain, but we will continue to provide updates whenever it is appropriate to do so."
Reference Number: 274/2009
