Telstra sues NBN Co over AU$11bn deal | ZDNet: "Telstra is taking NBN Co to the New South Wales Supreme Court over claims that the government-owned company has wrongly valued the AU$11 billion deal.
After two years of negotiations, NBN Co and Telstra struck a deal in 2011 that would lease Telstra's pit and ducts infrastructure to NBN Co for the rollout of the fibre-to-the-premises National Broadband Network (NBN) and pay Telstra to shift its customers from the copper network over to the NBN.
Although the agreement was signed by the two companies in mid-2011, Telstra shareholders did not approve the deal until the Annual General Meeting in late 2011."
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