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Submitted: June 21, 2010 - 9:26am
Last updated: June 21, 2010 - 9:27am
Last updated: June 21, 2010 - 9:27am
Source:
Financial Times
Author:
Peter Smith
Location:
Commonwealth of Australia, Canberra, Austria
Telstra and Canberra broke their impasse on the government's A$43bn (US$37 billion) high-speed broadband network on June 20 when the Australian telecommunications group agreed an A$11bn deal that will see it fold its equipment into the network.
The preliminary agreement follows talks that began last year after Canberra threatened to forcibly split Telstra's retail and wholesale businesses and deny the group access to future bandwidth in the absence of a deal to overhaul Australia's telecoms sector. Striking a deal with Telstra is a breakthrough for Prime Minister Kevin Rudd.
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