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NBN Gives Telstra ‘Gift Of Urgency’

The revenue lost from the NBN, and the promise made for winning contracts will usher a “gift of certainty and urgency”, Stephen Elop – former Nokia CEO and now head of Telstra Innovation – has said.

In his first public address as an executive with Telstra, Elop told Telstra’s Vantage conference in Melbourne that the NBN rollout will see two to three billion dollars of profit disappear from the telco’s coffers in the next few years.

He said the impending loss for customer profits will run to the tune of billions of dollars as a result of the NBN rollout is a burning platform for Telstra, with Elop calling this a “gift”.

He declared the telco is ready to weather the disruption the NBN is bringing to the industry.

“I look at that as a gift. It’s a gift of certainty and urgency; there’s no ambiguity – Telstra must be thinking aggressively and moving forward aggressively to define its future.”

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