Telstra
(ASX:TLS) has won more breathing space in its negotiations with the Rudd government over the $43 billion national broadband network.
Legislation to split Telstra has been delayed until at least May after the government deferred debate on splitting the Telco in the Senate.
The proposed laws are expected to be listed for a vote when Parliament resumes in two months, close to when the May Budget is released.
The stalling of debate, on enforcing a separation of Telstra’s retail business from its national copper-wire network, has been blamed on the federal opposition’s obstruction tactics.
Communications Minister Stephen Conroy has been in talks with the company for six months on the split.
The latest net profit for Telstra was just above $4 billion in 2009.
