Telstra today took a significant step towards finalising its agreement to participate in the rollout of the National Broadband Network (NBN), after the Australian Competition and Consumer Commission (ACCC) accepted its Structural Separation Undertaking (SSU).
Telstra CEO David Thodey said Telstra would now work with the Government and NBN Co to quickly finalise the remaining largely procedural matters so the Definitive Agreements could be implemented.
“There are a small number of matters left to finalise with the Government, including NBN Co shareholder approval and Telstra receiving Ministerial waivers from the legislative requirement to divest our HFC network and our share in FOXTEL.
“The SSU comes into force once these waivers are received,” Mr Thodey said.
The SSU fulfils two roles:
- it commits Telstra to structural separation by 1 July 2018. This will occur through the progressive disconnection of fixed voice and broadband services on Telstra’s copper and HFC networks, and subsequent migration of these services onto the NBN; and,
- it sets out the various measures which Telstra will put in place to provide for transparency and equivalence in the supply of regulated services to its wholesale customers during the transition to the NBN.
Telstra will provide a further update to the market when the remaining conditions precedent are satisfied and the Definitive Agreements come into full effect.