Telstra's chief executive David Thodey has signalled that next week's shareholder vote on the $11 billion compensation deal with the National Broadband Network will be critical to reviving the company's ailing share price.
In an interview with the ABC's "PM" program, Mr Thodey told me that in addition to providing greater investor and regulatory certainty, a successful vote at Telstra's annual general meeting would improve the telco's all important fixed-line revenue.
While Mr Thodey is confident of approval, he says there are shareholder concerns about regulation and what could happen with a change of government.
Mr Thodey also said progress was being made with Telstra's poor customer service record, and that complaints to the telecommunications ombudsman had halved over the past year.
Telstra shares closed slightly weaker today at $3.07 a share.
Read my story on ABC News Online.