Optus not left out: scores $800m NBN deal

Optus not left out: scores $800m NBN deal

Summary: 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.

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TOPICS: NBN, Broadband, Telcos, Optus
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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.

Topics: NBN, Broadband, Telcos, Optus

About

Armed with a degree in Computer Science and a Masters in Journalism, Josh keeps a close eye on the telecommunications industry, the National Broadband Network, and all the goings on in government IT.

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  • Congratulations Julia Gillard for your 800 million dollar deal for Singapore owned Optus. I would have thought you would do the right thing by Telstra's 1,400,000 Australian owners. The stock-market says it all. Australia's Telstra down 7c. Singapore's Optus up three. Good work Julia.
    sydneyla
  • What and miss your valued company. Not bloody likely Rizz.
    sydneyla
    • I note as usual the la cucaracha side step, totally ignoring commenting in relation to why should the government govern for only 1.4m Aussies (or less) rather than 22m Aussies (please feel free to deduct the 1.4m if you feel it necessary...LOL)?

      And also, Aussie Optus shareholders...!
      Rizz-cd230
  • Yes, sydlala, good to see that you haven't changed your tune from your old glory days as the star attraction at NWAT.

    So how are your investments going, ol' shareholder? You still seem to be suffering a dose of buyer's remorse about something or other.

    And I know you won't mind me correcting your shaky grasp of statistics - it's doubtful if Telstra has a million Australian shareholders, given the proportion of the stock that is held overseas. OMG, foreign shareholders!! Eat your xenophobe heart out.
    gnome-8be8a
  • Hi gnome thanks for the compliment. Concerning my financial position be advised that I still have the odd million or two to fall back on. If ever you fall on hard times be assured that I will always help those in need.
    sydneyla
  • Dear editor, why aren't my comments for this morning published??????
    Salami Chujillo
  • Probably Salami because, as usual, they were full of rubbish, gibberish and lunacy. lol.
    sydneyla
  • No I don't think so Syd... because your's always make it ;-)
    Rizz-cd230
    • Hey Rizz I have researched you nickname for me (La Cucaracha) and thank you as I have been using the common term for your football team for years. Next State of Origin I will use your classy words. lol.
      sydneyla
  • My football team? LOL. Whatever!
    Rizz-cd230