Other proposals tabled at today’s AGM held in Sydney included the re-election of Telstra Director Mr John Mullen, which was passed with 97.04% in favour, while 2.96% voted against.

Ms Catherine Livingstone was re-elected as a Director with 99.02% of shareholders voting in favour.

Investors also agreed to adopt the Remuneration Report for the year ended 30 June by 96.81%.

Read Hello NBN: Telstra Shareholders Pass $11B Deal With 99% Support