Telstra and NBN are poised to sign a record-breaking deal that could be worth as much as $180 billion to help optimize Australia’s cable TV networks.
Telstra and NBN also announced a $280 million budget, over the next four years, to help repair the existing copper phone lines, as well as maintaining Australia’s $56 broadband network, increasing the already lightning-fast speeds of the Telstra network in Melbourne.
The biggest news for Melbourne’s Telstra network is coming in February 2016, however. NBN and Telstra are in the final stages of signing an agreement that will see Telstra designing and project managing the upgrade and expansion of their hybrid fiber-coaxial (HFC) network.
What The HFC Network Means For Customers:
- More than 3 million homes already have HFC Network
- Telstra and NBN will expand on this network
- Simplifies the switch-over to the NBN Network
- Allow families and businesses to access broadband networks more quickly
- Less disruption to the community
- Less cost for the taxpayers
Two Other Companies Stand To Benefit:
Service Stream and BSA Limited have also been granted “operate and maintain” contracts, which could potentially be worth as much as $160 million over the next four years. All in all, over $500 million in contracts were signed in this momentous meeting.
This is all to prepare for the ongoing NBN rollout, over the next three years.
Telstra made a comment to the Australia Security Exchange, in regards to the merger. “”The first contract over three years involves fixing faults on the copper network and undertaking a small number of new connections for services that are yet to transfer to the NBN,” Telstra said.