Telstra Corporation Ld ACCC authorises amended nbn agreements (1004C)

TIDM93YM

RNS Number : 1004C

Telstra Corporation Ld

07 October 2022

 
                     7 October 2022 
                                                            Office of the Company Secretary 
 
                                                            Level 41 
                      RNS                                   242 Exhibition Street 
                                                            MELBOURNE VIC 3000 
                                                            AUSTRALIA 
 
                                                            General Enquiries 03 8647 
                                                            4838 
                                                            Facsimile 03 9650 0989 
                                                            companysecretary@team.telstra.com 
 
                                                            Investor Relations 
                                                            Tel: 1800 880 679 
                                                            investor.relations@team.telstra.com

ELECTRONIC LODGEMENT

Dear Sir or Madam

ACCC authorises amended nbn agreements

In accordance with the Listing Rules, I attach a market release, authorised for lodgement by the CEO, for release to the market.

Yours faithfully,

Sue Laver

Company Secretary

MARKET RELEASE

ACCC authorises amended nbn agreements

Friday, 7 October 2022 - Telstra today announced the authorisation granted by the Australian Competition and Consumer Commission (ACCC) on 15 September 2022 to enable Telstra and NBN Co to amend their Definitive Agreements came into force today.

The amendments to the Definitive Agreements enable Telstra's proposed scheme of arrangement (Scheme) to proceed, and ACCC authorisation was one of the conditions precedent to the Scheme.

The form of the authorisation is consistent with the draft authorisation referenced in the Scheme Booklet, released by Telstra on 23 August 2022, and is in a form acceptable to both Telstra and NBN Co.

Implementation of the Scheme remains subject to shareholder approval at the Scheme Meeting on 11 October 2022 and final court approval. Please refer to the Scheme Booklet for further information.

<ENDS>

Telstra media contact: Steve Carey, General Manager Media

M: +61 413 988 640

   E:   media@team.telstra.com

Reference number: 074/2022

Telstra investor contact: Nathan Burley, Investor Relations

T : +61 457 529 334

E : investor.relations@team.telstra.com

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October 07, 2022 02:00 ET (06:00 GMT)

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