Australia bill splits Telstra, helps new fiber network

The Australian Governmentís controversial high-speed National Broadband Network (NBN)is one step closer to reality after key legislation underpinning it passed through Senate lawmakers. The legislation is designed to deliver a 100Mbps fiber-to-the-home network that will provide the backbone of Australiaís communications infrastructure at a cost of $35.7 billion AUD ($35 billion US). Central to the legislation is the splitting of Telstraís wholesale and retail arms helping to break its monopoly on Australiaís communication network....



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