SMH reports today that Telstra and the NBN Co have hammered through another part of the national broadband network deal today.

The “key commercial terms” have been announced, so Telstra now has the green light to shut down the copper network and share its infrastructure with the NBN Co.

Now, the Telstra shareholders will need to vote on whether to proceed with the deal, with the vote to take place earlier than July.

Telstra itself will be hoping for a ‘yes’ vote, given that its recently released half year financials showed a 36% profit decline.