07 March 2012
Sydney, 7 March 2012: Clayton Utz has congratulated NBN Co. on reaching an important milestone in the delivery of the first national wholesale-only, open access broadband network to all Australians - the largest infrastructure project ever undertaken in Australia.
Telstra has today finalised its $11 billion agreement with NBN Co., ensuring the availability of Telstra's existing infrastructure in the national roll-out of, and the migration of fixed telecommunications services from copper to, the NBN Co. fibre network.
Commenting on the transaction Bruce Lloyd said: "Australia's largest infrastructure project has achieved a significant milestone. We are pleased to have worked alongside NBN Co. on this project."