NBN Co, the public-private company overseeing the construction and management of Australia’s National Broadband Network (NBN) has agreed to purchase TransACT’s fibre-to-the-premises (FTTP) network in Canberra for AUD9 million (USD9.37 million) from iiNet. Under the terms of the deal NBN Co will acquire both the existing fibre infrastructure, which covers approximately 8,5000 premises, while it will also purchase network assets currently planned or under construction covering a further 4,500 premises. Further, having confirmed it will pay for long-term access to TransACT’s extensive system of underground ducts throughout the Australian Capital Territory (ACT), NBN Co has said it plans to integrate the TransACT FTTP network with the NBN. Meanwhile, it has also confirmed that TransACT will continue to complete construction of pit-and-pipe infrastructure in a number of new estates where developer agreements are in place until 2017, following which ownership will be transferred to NBN Co at no additional charge.
Commenting on the deal, NBN Co CEO Mike Quigley said: ‘This is a good deal for iiNet, for NBN Co and for residents passed by the TransACT network in the ACT. For our part, it brings forward NBN Co’s ability to earn revenues, reduces construction costs and limits community disruption.’