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General

Telstra profits from reduced uncertainty

Tuesday 22 June 2010 | 12:33 CET | Author: Tim Poulus | Market Commentary
Telstra has reached an agreement with the Australian government about its participation in the National Broadband Network, which will be built in the coming years with government support for a cost of AUD 43 billion. Telstra will make its infrastructure available to the NBN Co on a lease basis and in return, in addition to making changes in the organisation, will receive AUD 11 billion (net cash value paid over several years). In addition Telstra will migrate its customers to the NBN, which will be based mainly on fibre, and phase out its copper network. Telstra's HFC cable network will be

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Categories: General
Companies: NBN Co / Telstra
Countries: Australia
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