Telstra hands over copper, HFC in new NBN deal

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[1] Australian giant telco, Telstra, has announced that it will hand over ownership of its copper and hybrid fiber-coaxial networks in a new $11 billion deal with NBN Co.

[2] The deal will see Telstra NBN Co continue to pay Telstra $4 billion in disconnection payments, $5 billion in infrastructure payments, and $2 billion in Commonwealth agreements.

[3] NBN Co will not only assume ownership of the copper and hybrid fiber-coaxial networks, but also manage its operations and maintenance.

handshake

[Source] http://www.itnews.com.au/News/398793,telstra-hands-over-copper-hfc-in-new-11bn-nbn-deal.aspx