Ricardo's Business

SBS Presenter Ricardo Goncalves with the latest in finance.

RICARDO' BUSINESS || INTERVIEW | Telstra NBN deal

18 October 2011, 16:55 PM | Source: Ricardo Goncalves, SBS

Telstra shares have hit a fresh 13 month high, following a shareholder vote to sell its copper fixed line assets to NBN Co for $11billion.

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The deal will see the month distributed over 30 years, but some analysts don't believe it's the best deal possible for shareholders.

Telstra analyst Theo Maas from Arnhem Investments is one of them but says that the alternative, competiting with the NBN, wasn't any better.

The deal may still be delayed because the ACCC still yet to approve Telstra's structural seperation according to the analyst.

If the competition watchdog does have issues with the current proposal, then the new deal would have to get the approval of Telstra investors once again.

Telstra shares closed 2c higher at $3.13.
 

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