Telstra Ditches Plan For New Broadband Network

Law360, New York (August 7, 2006, 12:00 AM EDT) -- Australian telecommunications company Telstra Corp. Ltd. cut off negotiations Monday with the country’s competition regulator after a drawn-out cost dispute over its plan to construct a $3 billion high-speed broadband network.

Telstra had wrangled with the Australian Competition and Consumer Commission (ACCC) over what the company could charge competitor carriers to access its fibre-to-the-node network.

The company said that until Telstra’s actual costs are acknowledged and the competition watchdog changes its regulatory practices, Telstra refused to invest in the network.

Telstra claimed that the ACCC did...
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