Telstra signs transfer deal

Telstra has signed an $11 billion deal with NBN Co to transfer customers from its copper network onto the National Broadband Network’s fibre network and share Telstra’s infrastructure.

The preliminary deal was announced by Prime Minister Kevin Rudd, who was flanked by senior ministers Stephen Conroy and Lindsay Tanner, Telstra leaders Catherine Livingstone and David Thodey and NBN Co senior figures Harrison Young and Mike Quigley.

Under the deal, NBN Co will have access to Telstra’s network of pits, ducts and wires.

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