Its official: the NBN is going ahead with Telstra in tow. Telstra shareholders have just approved the $11bn NBN deal by an overwhelming 99.45% voting ‘for’ the proposal with just 0.55% were against, Telstra has just confirmed.
Shares rose 0.64% to $3.130 today, following the announcement.
Other proposals tabled at today’s AGM held in Sydney included the re-election of Telstra Director Mr John Mullen, which was passed with 97.04% in favour, while 2.96% voted against.
Ms Catherine Livingstone was re-elected as a Director with 99.02% of shareholders voting in favour.
Investors also agreed to adopt the Remuneration Report for the year ended 30 June by 96.81%.