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Australia: ACCC clears Telstra $11 billion deal

 |  June 28, 2015

Telstra’s $11 billion deal to help build the government’s $41bn National Broadband Network has been rubberstamped by the competition regulator and the Australian Taxation Office.

The approval means Telstra can begin handing over its copper and cable networks to the NBN and speed up construction of the long-overdue project.The approval of the Australian Competition and Consumer Commission was the final hurdle to jump before the NBN could begin offering commercial services built upon Telstra’s legacy networks.

The deal, which has been described as the most complex in Australian corporate history, was struck last December after more than 18 months of negotiations.

Full content: Sky News

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