07 Mar 2012

Clayton Utz congratulates NBN Co on important milestone

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.

A Clayton Utz team led by partners Bruce Lloyd, John Collins and Kirsten Webb assisted NBN Co. on the deal and regulatory clearances.

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."

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.