Australia's incumbent service provider Telstra has dismissed a rumor that emerged in the newspaper The Australian that it has apparently accepted an $8.4 billion offer from the government for its wireline assets.
Telstra quickly said in a statement that "these negotiations remain incomplete and confidential."
Although the government and Telstra have continued to conduct talks over possibly divvying up Telstra's assets to assist the build out of the Next Generation Broadband Network, Telstra said the parties have "significant gap" on an agreed cash value of the network assets.
But the government's desire to break up Telstra hit a major roadblock when the Australian Senate said last month that it wanted more time to review the proposal.
For more:
- Bloomberg has this article
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