The deadline for the A$11bn (US$11.2bn) deal between Australian incumbent Telstra and NBN Co, the company responsible for the country’s national broadband network (NBN) plan, has been postponed, TelecomFinance has confirmed.
Last year, the two…
The deadline for the A$11bn (US$11.2bn) deal between Australian incumbent Telstra and NBN Co, the company responsible for the country’s national broadband network (NBN) plan, has been postponed, TelecomFinance has confirmed.
Last year, the two companies signed an agreement, which will see NBN Co taking over Telstra’s customer services on its copper and television networks. Telstra will also lease infrastructure.
But this agreement requires the company to separate itself. However, the first separation plan was rejected by the Australian Competition and Consumer Commission (ACCC) after it became concerned about the adequacy of Telstra’s “proposed interim equivalence and transparency measures”.
The incumbent submitted a new plan on 9 December, with the ACCC saying that a final decision would be made in February 2012.
As a result, the Telstra/NBN Co has been extended from 20 December to well beyond February, in case of potential further delays, local reports explained.
