Not to be outdone, the nation's number two telco Optus has announced that it has signed a deal with the National Broadband Network Company that will see it transfer its hybrid fibre-coaxial cable customers over to the National Broadband Network, in a deal worth $800 million.
The transfer of customers will begin in 2014, and is expected to take over four years. The network will be decommissioned, except for some sections that are used to support the telco's mobile infrastructure and business customers.
Similar to the $11 billion agreement inked with Telstra this morning, payments will be progressively made as customers are migrated over to the NBN. The deal with NBN Co will also require the approval of the Australian Competition and Consumer Commission.
Optus CEO Paul O'Sullivan said the deal supported creating a level playing field for all telcos on the NBN.
"This agreement represents a fair deal for Optus. We intend to use the NBN to turbo-charge competition and to deliver the full potential of a 21st century digital life to customers," he said.
"A definitive agreement with Optus, Australia's second largest internet service provider, represents a significant step in the journey towards a true level playing field for retail broadband services," NBN Co CEO Mike Quigley added.