Telstra’s business continues to suffer as the NBN grows, with the once great ambitions for king size corporate transformation deals for its Enterprise and Government division, including alliances with the likes of Accenture a shadow of their imagined success. The Commonwealth Bank of Australia ( ABC ) is thought to have renewed its AUD1bn ( $ 709 m ) deal with the telecommunications company Telstra . The companies , who signed a previous deal in 2009 , are rumoured to have extended the agreement for an initial three years with two optional one - year extensions . CBA is thought to be weighing up its options as it works out its network requirements for the rollout of Australia 's National Broadband Network and the ongoing consumer shift towards mobile broadband .
The Commonwealth Bank of Australia ( ABC ) is thought to have renewed its AUD1bn ( $ 709 m ) deal with the telecommunications company Telstra . The companies , who signed a previous deal in 2009 , are rumoured to have extended the agreement for an initial three years with two optional one - year extensions . CBA is thought to be weighing up its options as it works out its network requirements for the rollout of Australia 's National Broadband Network and the ongoing consumer shift towards mobile broadband .