Telstra NBN talks to start soon

Telstra Corporation will begin talks over a revised national broadband network (NBN) deal with the federal government and NBN Co within the next two weeks, according to The Australian.

The telco reached an $11 billion deal to participate in the NBN with the Labor government, but will see that arrangement tweaked as the coalition government alters direction on the NBN.

"We are keen to get going on the government's multi-technology mode architecture and we will hopefully start conversations when everyone is back on deck after the break," Telstra chief executive David Thodey said, according to The Australian.

The coalition is looking to scale back the plans set forth by Labor and Mr Thodey said Telstra would be willing to assist, provided value is not stripped away from its shareholders.