REG - Telstra Corp. Ld - TLS response to nbn co changes to HFC rollout <Origin Href="QuoteRef">TLS.AX</Origin>

TelstraAnnouncement

27/11/2017 07:05

RNS Number : 5603X
Telstra Corporation Ld
27 November 2017
27 November 2017
The Manager
RNS
Telstra Corporation Limited
Office of the Company Secretary
Level 41
242 Exhibition Street
MELBOURNE VIC 3000
AUSTRALIA
General Enquiries 61 8 8308 1721
Facsimile 61 3 8600 9800
Email:
companysecretary@team.telstra.com
ELECTRONIC LODGEMENT
Dear Sir or Madam
Telstra response to nbn co announcement on HFC rollout changes
In accordance with the Listing Rules, I attach a copy of a media release, for release to the market.
Yours faithfully
Damien Coleman
Company Secretary




MEDIA RELEASE
Telstra response to nbn co announcement on HFC rollout changes
Monday 27 November 2017- Telstra noted an announcement from nbn co today that it would cease sales on hybrid fibre co-axial (HFC) technology for six to nine months from 11 December 2017.
Telstra's FY18 guidance to the market included an assumption that the nbn rollout would be broadly in accordance with the nbn Corporate Plan 2017. nbn co subsequently issued its Corporate Plan 2018 on 31 August 2017.
Telstra will assess the effect of today's announcement in conjunction with the nbn co Corporate Plan 2018 on its outlook for FY18 and advise the market once that assessment is complete. The delay in the nbn rollout will delay a proportion of the payments to Telstra from nbn into future periods.
Telstra acknowledges nbn co.'s core priority to protect the customer experience and will continue to work with nbn co on this goal. nbn co has stated that it remains confident that its long term corporate plan can be met to connect eight million homes by 2020, including three million through HFC services.
Telstra will keep impacted customers informed and discuss disconnection obligations with nbn co and the Australian Consumer and Competition Commission to minimise customer impact during this period.
Media contact: Jon Court, +61 (0) 408 423 516
Email:media@team.telstra.com
Investor contact: Nathan Burley, +61 (0) 457529334
Email:investor.relations@team.telstra.com
Ref number: 131/2017

This information is provided by RNS
The company news service from the London Stock Exchange
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