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by Brett Winterford, June 20 2010
NBN Co and Telstra sign historic agreement.
Telecommunications incumbent Telstra has agreed to migrate its copper and cable broadband networks to Government-owned NBN Co for $11 billion.
The two parties have signed a financial heads of agreement, announced Sunday, that will provide NBN Co with access to Telstra's passive infrastructure and eliminate Telstra as a fixed-line wholesale competitor to the Government-owned entity,
Telstra, in turn, has been given assurance from Prime Minister Kevin Rudd that it can compete in auctions for 4G [LTE] mobile spectrum and face less regulation from the Federal...
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