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Telstra: broadband plan won't impact its business

Mon Apr 6, 2009 9:16pm EDT

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SYDNEY, April 7 (Reuters) - Telstra Corp Ltd (TLS.AX), Australia's dominant telephone company, expects little short to medium-term financial impact on its business from a government plan to build a new A$43 billion ($31 billion) national broadband network.

"We look forward to having constructive discussions with the government at the earliest opportunity," Telstra Chairman Donald McGauchie said in a statement on Tuesday.

For details about the government's new initiative: [nSYD424635].

($1=A$1.40)

(Reporting by Denny Thomas;)

((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net))

((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: AUSTRALIA BROADBAND/TELSTRA

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