Numerous competing telcos have also opposed the SSU and lodged submissions to the ACCC around the separation.

Vocus Communications voiced concerns could result in Telstra evicting the competition from its ducts in order to hamper competition, while Vodafone Hutchison Australia (VHA) also criticised the plan, stating it fails prevent Telstra from impeding competition and lacked the certain self-enforcing features it needed order to be credible and effective.

The shareholder vote has been long-awaited, with Telstra pushing the meeting, initially scheduled for 1 July, back to October.

, released in February, the Thodey said Telstra had "finalised key commercial terms" with NBN Co and had reached in-principle agreement with the Federal Government regarding the participation in National Broadband Network (NBN).

"We are working to complete the necessary documentation," Thodey said at the time.