Telstra, NBN Co back in court this April
NBN Co and Telstra will this April resume their argument over consumer-price-index (CPI) adjustments in the companies’ $11 billion agreement.
NBN Co and Telstra will this April resume their argument over consumer-price-index (CPI) adjustments in the companies’ $11 billion agreement.
NBN Co has appealed a decision by the New South Wales Supreme Court that had supported Telstra’s interpretation of consumer-price-index (CPI) adjustments in the companies’ $11 billion agreement.
NBN Co will owe Telstra $200 million more than it expected over the next 30 years, unless it appeals a decision reached today by the NSW Supreme Court.
Telstra has told a court that NBN Co could owe the telco more than $100 million depending on the interpretation of the parties’ $11 billion contract.
Telstra and NBN Co will argue contract terms before the NSW Supreme Court on 30 June, a directions hearing has decided.