Optus NBN deal 'purely speculative'

Optus NBN deal 'purely speculative'

Telco dismisses claims it was in advanced negotiations with NBN Co.

Optus has played down claims it is in serious talks with NBN Co to move customers to the National Broadband Network (NBN).

The AFR reported today that Optus was in advanced negotiations with the NBN Co to strike a deal similar to the $11 billion formed with Telstra in June.

According to the report, in the non-binding agreement, NBN Co will take over Optus' copper infrastructure and customer base to help establish the NBN.

But Optus would not confirm it was in discussions with NBN Co.

“The article in today’s AFR is purely speculative,” an Optus spokesperson said. “Like all retail service providers, Optus is engaged in ongoing discussions with NBN Co, the Department of Broadband, Communication and the Digital Economy (DBCDE) and the industry more broadly around next steps for the NBN.”

In an interview with Bloomberg, Communications Minister, Senator Stephen Conroy, claimed he was expecting to save between $4 billion and $6 billion from the NBN’s $43 billion pricetag through NBN Co’s deal with Telstra.

“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 Telstranbn cooptusSenator Stephen ConroyNational Broadband Network (NBN)Communications MinisterBloomberg

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