Optus And NBN Co Have A Deal Done Too

While Telstra walks away with a whopping $11 billion in its deal with NBN Co today, Australia's second largest Telco Optus doesn't go home empty handed. It has signed its own deal worth $800 million to see Optus' HFC cable decommissioned as its customers are migrated to the NBN.

The migration is set to begin - should the ACCC give the deal a green light - in 2014 and is expected to take four years to complete. The company has agreed to use the NBN exclusively for fixed-line services instead of its HFC cable.

It's going to many years to complete, but today's been a huge step forward for the NBN rollout.

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