by the BBC
The National Broadband Network Company is leading the new infrastructure project Australia’s two biggest telecoms companies have joined the government’s A$36bn (£24bn) plan to roll-out high-speed internet across the country. Telstra and Optus will close down their infrastructure and transfer customers to the state-owned National Broadband Network Company (NBNC). About 60% of households have broadband, but speeds are slow compared with many industrialised countries. The plan is to connect more than 90% of households to a super-fast network.
http://www.bbc.co.uk/news/business-13884441
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