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  AU National Broadband Network Signs $11 Billion Deal With Telstra

  Posted: June 20th, 2010, 10:45am MDT by Soulskill

  An anonymous reader writes "The Australian government has signed an $11 billion deal with the country's largest telco, Telstra, to acquire the telco's physical infrastructure and migrate customers to the National Broadband Network. The NBN is a 100Mbps open access fiber network that will be rolled out to 94% of the Australian population, with wireless and satellite to cover the remainder. The deal marks a large step forward for the new network, as without a deal to bring Telstra's customers onboard, the NBN's viability was in question."

  

  Read more of this story at Slashdot.