DT considers Australian broadband possibility

21 Jun 2007

Deutsche Telekom (DT) is rumoured to be considering entering a bid to build a high-speed fibre-optic broadband network for Australia’s cities. The Australian press suggest that DT, Europe’s biggest telecoms company by revenues, has already lined up financial backers for a possible bid for the multi-billion project. A final decision on whether to join the competitive tender process awaits the release of bidding rules by a taskforce set up by Prime Minister John Howard’s government, the Sydney Morning Herald disclosed.

A bid from DT would be a setback for Telstra, the former government-owned telco. It has already been sidelined in the race for AUD1 billion (USD840 million) in government funding towards building a broadband network for rural areas – a job that went to a consortium that contains major rival Optus, the second-largest Australian telco by revenues.

Australia, Deutsche Telekom (DT)