Telstra secures two contracts from NBN; negotiating a third one
Telecommunications group has announced that it has secured two new contracts from the national broadband network (NBN), which will together yield approximately $80 million in revenue in the first year.
Announcing the new contracts negotiated with NBN, Telstra said that one of the contracts includes a three-year agreement for fixing faults on the copper network as well as undertaking some new connections for services which have not yet been moved to NBN.
The second contract which Telstra has secured from NBN underscores a four-year deal under which Telstra will function as one of the network operations and maintenance service providers to NBN. Under the terms of that contract, Telstra will fix faults and connect new services on the network for fibre to the node, fibre to the premises, fibre to the basement, and hybrid fibre coaxial technologies for customers who switch to NBN.
The new contracts which Telstra has signed with NBN chiefly underscore the fact that Telstra will receive payments from NBN for repairing the copper network which NBN purchased from Telstra in 2011, in an $11 billion deal.
Meanwhile, other than the two mentioned contracts, Telstra and NBN are negotiating a third contract also. That contract – which is expected to be finalized by the two companies in early 2016 -- will basically cover design, engineering, procurement and construction management of the network.
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