Telstra Nbn Agreement
nbn and Telstra have already taken existing and complementary steps to address any concerns about Telstra`s role as a customer of nbn and its role under this agreement. Under the initial agreements, Optus had agreed to migrate its fixed customers to NBN and shut down its HFC network in areas where it was not used for the telecommunications company`s mobile or commercial customers. The Australian Competition and Consumer Commission will review the competitive aspects of this agreement, as provided for in the Competition and Consumer Protection Act, which the Government still hopes to adopt in order to enhance industry safety. Telstra said the new deal would not need a shareholder vote, given that the estimated value of the initial agreements approved by shareholders in 2011 was maintained and Teltra`s existing commitment to structural separation remained unchanged. Under new instruments for the continuity of the agreement, Telstra will be able to continue to use the copper and HFC networks to serve its end customers and wholesale instruments, while the assets will be gradually transferred to NBN Co. « We have maintained existing shareholder protection measures and negotiated new safeguards for shareholders, instead of the protection that our property continues to offer to the copper and HFC systems under the original agreements. The agreement complements and streamlines existing agreements with Telstra and accelerates the rollout schedule and provides access to all nbn retailers. The restrictions require, in certain circumstances, that a purchaser, such as another large retail service provider, enter into a direct agreement with Telstra for the purchase of the assets. This agreement paves the way for a faster, cheaper and more efficient deployment of the national broadband network, with faster use. « This agreement ensures that NBN Co`s management has the flexibility to choose the right access technology in all circumstances. Making a rational business decision should of course be put in place. The new agreement will come into effect once the ACCC approves the plan and the Australian tax authorities will provide NBN Co and Telstra with a free-to-do private on the final agreements. NBN Co also signed an agreement with Optus for its HFC network, which it said was of the same value as its 2011 $800 million deal.
Amended contracts must be approved by the Australian Competition and Consumer Commission and the Australian Taxation Office. The agreement is structured in such a way as to speed up the provision of the nbn™ network. Multi-technology integrated Master Agreement (MIMA) partners are used, with Telstra using its knowledge of the existing network to manage and coordinate construction activities on behalf of nbn. Telstra is due to present to the Australian Competition and Consumer Commission (ACCC) a new migration plan that takes into account the coalition government`s multi-technology NBN mix to implement the new agreements. « This agreement allows us to reduce the deployment schedule by several years while saving billions of dollars, » he said. Combined with reforms from the Australian government, Telstra estimates that the deal announced today will provide Telstra with a net worth of approximately $11 billion after tax. Payments from NBN Co to Telstra would be made over several years if turnover increased. .
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