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Bill to split Telstra passed by Australian Senate - NBN finally?

Telstra gets split into two - retail and wholesale arms, the NBN is getting closer

| Business, Financial & Legal News | Posted: Nov 28, 2010 4:26 am

Finally - the future of this countries broadband seems to be making a step forward instead of sitting around gathering dust, the Australian Labor Party-backed National Broadband network is another step closer to reality as the Senate voted in favour of an AU$11 billion for Telstra's copper network.

 

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The vote also approves the split of Telstra into both a retail group and a wholesale network group. The House of Representatives will weigh in on Monday - with it looking like all thumbs up from them too.

 

Will we see the NBN finally? Let's hope so.

 

NEWS SOURCES:Engadget.com

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