Speaking on NBN Co’s 2015 first quarter financial results call, Fairfax Media has reported Morrow as stating the deal, along with a separate deal with Singtel Optus, is imminent, with the approvals process to then be undertaken by the government and Australian Competition and Consumer Commission (ACCC).

“The ACCC must consider a whole lot more than we do,” Fairfax reported Morrow as stating.

“I believe that we are very close to that bilateral agreement with Telstra and NBN Co [and] I don’t think this is an issue that extends into next year.”

Meanwhile, NBN Co posted an EBITDA loss of $252 million for the 2015 first quarter, however reported both revenue and customer growth.

The number of serviceable homes rose 16% in the quarter to 640,000, more than double than last year’s corresponding quarter, while the number of active users was up 172% year-on-year to 267,000.

This helped deliver revenue of $29 million, over triple of that posted in last year’s corresponding quarter.

NBN Co incurred $677 million in capital expenditure for the period, with operating expenses of $281 million, while receiving an additional $997 million equity funding from the Commonwealth.

The average revenue per user grew to $39, up 4% since June.

“These results reflect the improvements we are making in construction, product development and the end user experience,” Morrow commented.