The week in retrospect

摘要

Speeches by Telstra CFO, John Stanhope, and Terria CEO, Michael Simmons, to an investment conference thrust the NBN back in the spotlight and provided plenty of ammunition for Telstra and its competitors to attack each other. Simmons was reported telling the conference that Terria was having trouble funding its NBN bid in the wake of the global financial crisis. "Our financial model, up until two weeks ago, was a 50:50 debt-equity contribution, and we had strong support and did not foresee any issue in securing that funding. Things have changed slightly in the last two weeks and there are other options that we are considering." According to the Sydney Morning Herald he declined to comment on the alternative funding sources Terria would attempt to tap.