According to the Financial Review, the pending deal between Telstra
(ASX:TLS) and the NBN Co. will see Telstra agree to lease over 100,000 km of duct space to the network. That will ensure a faster roll-out and with less disruption than previously thought.
The deal sures-up around 80 per cent of the underground construction required in installing the network.
The deal could also see Telstra lease access to thousands of kilometres of existing unused fibre on long-distance links. Early reports say the deal is worth around $11 billion.
In the first half of the 2011 financial year Telstra generated a net profit of $1.2 billion.
