NBN Co acquires AUSTAR’s 2.3GHz/3.4GHz spectrum

17 Feb 2011

Australian pay-TV and telecommunications services provider AUSTAR has announced the sale of its 2.3GHz and 3.4GHz wireless spectrum concessions to NBN Co, the public-private company set up to oversee the in-development National Broadband Network (NBN). According to iTWire, the deal, which is valued at AUD120 million (USD119.8 million), will help facilitate NBN Co’s plan to roll out wireless broadband services in rural and regional areas of the country. AUSTAR chief executive John Porter said that the agreement reached with NBN Co differed from other deals it had signed in the past with the likes of Optus and OPEL, which it noted included a combination of cash and ‘various’ wholesale arrangements. Meanwhile, AUSTAR’s group director of corporate development, Deanne Weir, revealed the company would now focus on developing its content platform beyond its current satellite-delivered customer base, noting: ‘We will also look to create relationships with regional Australian homes that we don’t currently service, via high speed broadband and VoIP offerings.’

Australia, Austar Broadband, NBN Co