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.