Telstra secures $390m NBN contract

Telstra secures a planning and design contract worth up to $390 million for the NBN rollout which spans up to four years and includes fibre to the node

Telstra has secured a contract to provide planning and design for the NBN worth up to $390 million. (AAP)

Telstra has secured a contract to provide planning and design for the National Broadband Network worth up to $390 million.

Under the contract, the telco will prepare network plans and designs to support NBN Co's multi-technology rollout which includes fibre to the node, fibre to the basement and fibre to the premises.

The contract is expected to span up to four years.

Telstra and NBN Co are continuing to discuss the provision of construction and maintenance services by Telstra to NBN Co on commercial terms.

Shares in Telstra rose 5.5 cents to $5.87 at 1500 AEDT.