Telstra Corporation Limited
(ASX:TLS)remains confident that it will be able to secure its $11 billion agreement with the government during formal renegotiations with NBN Co.
Speaking at Telstra's annual investor day, the telco’s head of corporate affairs, Tony Warren, said the priority in any changes to existing contracts would be shareholders, first and foremost.
Under new chairman Ziggy Switkowski, NBN Co is conducting a 60-day strategic review to consider the government’s proposed changes to the rollout.
The Coalition previously said it will change the NBN from fibre-to- the-premises to fibre-to-the-node, and use Telstra's copper for the last-mile connection.
Telstra delivered a full-year net profit of $3.86 billion in fiscal 2013.
