Telstra CEO puts $2bn tag on NBN loss

Telstra chief Sol Trujillo has cautioned that up to $2 billion worth of revenue could be at risk following its exclusion from the federal government’s $15 billion tender process for the National Broadband Network.”All up, in allowing for my mitigation strategies, rational analysis would suggest that at most a mid-single-digit percentage of revenues, or perhaps $1 billion to $2 billion, may be at risk, and that is over an extended period because it takes time to build all this,” he told a US conference yesterday.To read this Australian IT report in full, see www.australianit.news.com.au/story/0,24897,24890738-15306,00.html.

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