Telstra signs on for pan-Australia fiber network
Preliminary multibillion deal would nix copper lines and shift the carrier's telephone and broadband customers onto the fiber National Broadband Network.
Australian Communications Minister Stephen Conroy has managed a real, tangible win-win outcome with Sunday's deal between Telstra and the National Broadband Network Co., according to telecommunications analysts.
Sunday, Telstra revealed it had signed a preliminary $11 billion (Australian, or $9.6 billion U.S.) deal with NBN Co. that would see the telecommunications company migrate its telephone and broadband customers onto the fiber National Broadband Network, with its copper network to be shut down and no more broadband services to be provided over its hybrid-fiber coaxial cable network.
It was a day many thought might not ever come, but did: a day Telstra agreed on a way forward.
Read more of "Telstra's NBN deal a win-win: analysts" at ZDNet Australia.