Telstra Pays $5m FTTN Bond, Network Details Included
Telstra CEO Sol Trujillo announced this morning that the company has lodged its AU$5 million tender bond for the national fibre-to-the-node (FTTN) network.
Speaking at the Macquarie Australian Equities conference in Melbourne this morning, the telco chief told attendants that an AU$5 million bank guarantee, along with much anticipated documentation detailing Australia’s network infrastructure, had been handed over to the Federal government in Canberra this morning, after Communications Minister Stephen Conroy wrote to Telstra and other carriers in February, insisting that they provide details on their network infrastructure.
The information was handed over to the government by senior Telstra executives today on the condition that it only be passed on to third parties after the Department of Broadband, Communications and the Digital Economy (DBCDE) agrees to the carrier’s confidentiality agreement, or when DBCDE’s own confidentiality agreement is provided and agreed to by Telstra.
According to Telstra, the company sees “no reason why this cannot happen immediately”.
Source & More Info: ZDNet
