Sunday, June 26, 2011

Telstra seal $11b NBN Co deal

Telstra has finalised an $11 billion agreement with NBN Co and the Federal Government that would see the incumbent telco decommission its copper network and move fixed line broadband customers to the National Broadband Network as it is rolled out.

The agreement, finalised in an ASX announcement from Telstra this morning, comes a year after initially announced and following several delays in negotiations between the two broadband companies

Read more at www.itnews.com.au

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