Telstra Corporation Ltd
(ASX:TLS) has responded to media speculation that it has brokered a deal with the federal government regarding the National Broadband Network, saying this rumour is unfounded.
Media reports circulating today suggest that the telco has reached a deal with the Federal Government worth around $9 billion.
Telstra has previously advised that negotiations are continuing and at this stage remain incomplete and confidential.
The company says it will continue to keep investors and the market informed.
In other news the telco has sold its Asian data business KAZ Singapore for an undisclosed sum to Connxion Ventures Ltd (ASX:CXN).
The transaction is subject to a number of final agreements and is expected to be completed next month.
Telstra’s fiscal 09 profit was over $4 billion.
