NBN Co, the company formerly tasked with building a national fibre-to-the-premises network for Australia, has delivered its 2013 financials. It's no particular surprise that the organisation has reported a loss for 2012-2013, since its first forecast profit even under the former government's plan was to be delivered in 2019. The …
Where's the problem?
"At issue is whether NBN Co should backdate its payments to 2011, when the deal was announced, or 2012, when Telstra shareholders ratified the agreement."
An agreement cannot take effect until *both* sides of the deal agree to it. Since Telstra ratified (i.e. accepted) the agreement in 2012, then that's the date the agreement came into force.
Or am I missing something other than Telstra's usual all-we-can-get attitude?
Or it could be indicative of a negotiating position when Telstra comes to the table. It gives them some leverage.
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