The Australian has a piece of some good use being had from the ACT’s dalliance with the TransACT fibre network as iiNet flips that part of its recent purchase to NBN Co:
THE competition regulator has given the green light to a $14 million deal that will see the NBN Co buy iiNet’s Canberra-based fibre-to-the-premises network.
The fibre-to-the-premises network, which iiNet acquired as part of its $60 million buyout of Canberra-based telcoTransACTin late 2011, covers about 8500 premises, with a further 4500 premises planned or already under construction.
The Australian Competition and Consumer Commission has been deliberating on the competitive impact of that deal since it was announced in May, but has decided not to oppose the transaction.