Telstra wants more cash for assets

in brief Telstra has said there remains a "significant gap" between what NBN Co and Telstra believe its assets are worth.

The telco issued a statement via the Australian Stock Exchange this morning. "Currently there is a significant gap between Telstra and NBN Co on what each party considers to be an acceptable financial outcome and there are also a range of commercial matters that are yet to be agreed," the company said.

Telstra said it was discussing ways this gap can be bridged, adding that the government had highlighted the national interest benefits of the NBN and reform to the telecommunications sector.

Even in the event that an agreement with the NBN Co and government was reached, restated Telstra, it would still seek approval from its shareholders.