Business

Telstra expecting NBN boom

TELSTRA Corp expects to generate $2-3 billion in additional cash over the next three years courtesy of its agreement with the Federal Government to roll out the national broadband network.

In a statement issued on Thursday the company said raising the excess cash would be subject to the NBN rollout schedule and market conditions.

Telstra chief executive David Thodey said the company was developing its retail and wholesale plans for the NBN.

He also said Telstra was making no change to guidance for the 2012 financial year, and confirmed it still intended to pay a 28 cent per share fully-franked dividend in 2012 and 2013.

Topics:  nbn telstra


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