Telstra to save NBN up to $6 billion

Telstra to save NBN up to $6 billion

Saving to be made from $11 billion agreement.

The Federal Government aims to slash up to $6 billion off the $43 billion pricetag on the National Broadband Network through its non-binding agreement with Telstra.

Telstra signed an $11 billion agreement with the Government in June for NBN Co to use its copper infrastructure and customer base to help establish the NBN.

In an interview with Bloomberg, Communications Minister, Senator Stephen Conroy, said the Government expected to save between $4 billion and $6 billion through the deal.

“It clearly will be cheaper because it means we don’t have to duplicate Telstra’s existing infrastructure,” he said. “… NBN has been finalising its business plan that will get to us in the very near future and there will be a lot of information we can put in to the market place that will deal with the financial viability.

“When you see those final figures, people will take a deep breath and say it is good news.”

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Tags TelstraSenator Stephen ConroyNational Broadband Network (NBN)Communications Minister


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