It’s been revealed Telstra Corporation Limited
(ASX:TLS) has been working on a “Plan B” should its massive infrastructure project with the government fall through or there is a change in government.
CFO John Stanhope says if the NBN collapsed, the telco would roll out a low-cost mix of broadband technologies using fibre and copper networks to service its customers.
He says Telstra would continue to service their customers for high-speed broadband, but would do it over a different technology or blend of technologies.
Mr Stanhope’s admission to shareholders is the first the market has heard of any contingency plans for the new broadband network.
This latest news highlights the uncertainty about the government’s $36 billion project.
Telstra reported half year earnings of 1.2 billion dollars.
