Telstra Corporation Ltd
(ASX:TLS) has announced it must delay its July 1st meeting, the date shareholders were scheduled to vote on its proposed deal with the federal government regarding the $36 billion national broadband network.
Telstra said negotiations were progressing well, but that a number of matters were yet to be finalised, including some that required government approval. The telco is yet to announce the new meeting date.
Telstra generated a net profit of $1.2 billion in the first half of the current financial year.
