The last major barrier on Australia’s plan of building a $38 billion national broadband network has been cleared, Australia will pay major telecoms firm Telstra $11.6 billion for the use of its infrastructure.
As the biggest infrastructure project in decades in Australia, the National Broadband Network project will use the former phone monopoly’s fixed-line network and cable ducts, as the basis of a high speed network covering a country the size of western Europe to boost productivity and economic potential.
The total plan will cost $38 billion.
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