Stock market

Telstra Shares may Rise on NBN Deal


The shares of Telstra (TLS), the largest telecommunications carrier of Australia is likely to start gaining in the stock market as the company is expecting to see its $11 billion worth of NBN deal coming on board. NBN Co. and Telstra has announced the in-principle agreement on Sunday according to which the carrier is to decommission its copper and cable telephone and broadband services and will have to move its users to the national broadband network which worth $43 billion.

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