NBN delay won't impact on Telstra dividends: Thodey

AAP

Telstra Corporation Ltd chief executive David Thodey denies further delays in the rollout of the national broadband netowrk will impact on the group's capacity to increase its dividend to shareholders, The Australian Financial Review reports.

According to the newspaper, Mr Thodey said he was not surprised by the delays and flagged a willingness from the telco to increase its involvement in the overall construction process.

“Remember that when the NBN was announced our share price went down and it destroyed value for our shareholders,” Mr Thodey said, according to the AFR.

“Do I think that we were able to recover some of that? Yes, we were. Do I think we can help more? Yes, I do. And we have always said that, both to the government and NBN Co, and we stand ready to help in any way we can.”

Last week, NBN Co has revised down its rollout targets by around three months, following a company board meeting.

The announcement was the first formal delay NBN Co has announced about the rollout. 

The company said the delay in its fibre-passed-the-premise target outlined in its corporate plan is due to the fact that work on the ground for the rollout is progressing at a slower rate than it initially forecast.

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