The House of Representatives has passed the Telstra separation bill. The draft legislation, which will pave the way for the rollout of the National Broadband Network (NBN), will now go before the Senate before it can be passed into law.
At the end of…
The House of Representatives has passed the Telstra separation bill. The draft legislation, which will pave the way for the rollout of the National Broadband Network (NBN), will now go before the Senate before it can be passed into law.
At the end of June, Australian telecoms incumbent Telstra signed a nonbinding agreement to participate in the NBN rollout. Under the terms of the agreement, NBN will pay Telstra about A$11bn (US$9.6bn) in phased payments in return for the decommissioning of Telstra’s copper network and transferring its customers across to a new fibre-optic network, in order to limit competition issues.
