Confirmed: Telstra Stall NBN Vote

News just in: Telstra are to delay the shareholder vote on the NBN, citing outstanding issues.

The EGM where shareholder were to give the thumbs up or down to the $11bn NBN deal, which would see the telco surrender their copper fibre network to the NBN Co, was due to take place on July 1.

“A number of matters are yet to be finalized, including some that require government approval,” Telstra said today.

No alternative date has yet been confirmed.