Telstra, Optus in national broadband network deals

From the BBC:

Australia's two biggest telecoms companies have joined the government's A$36bn (£24bn) plan to roll-out high-speed internet across the country.

Telstra and Optus will close down their infrastructure and transfer customers to the state-owned National Broadband Network Company (NBNC).

About 60% of households have broadband, but speeds are slow compared with many industrialised countries.

The plan is to connect more than 90% of households to a super-fast network.