Fergie's Tech Blog

Australia: Hopes Rise for $3B Telstra Network

Michael Sainsbury writes on Australia IT:

Hopes are rising that Telstra will build its planned $3 billion high-speed fibre-optic network, after the company agreed to peace talks with the competition regulator in an attempt to protect the investment from its rivals.

The new network - the centrepiece of Telstra chief executive Sol Trujillo's $11 billion overhaul of the company - would see fast internet and video services made available to 4 million homes in major cities across the country.

Australian Competition and Consumer Commission chairman Graeme Samuel told The Australian yesterday that talks had begun "at the highest level" on possible investment safeguards. "Telstra proposals around its new investment are starting to take shape," Mr Samuel said.

posted by Fergie @ 3/24/2006 07:01:00 AM