Australia’s competition regulator has decided not to take action to block TPG Telecom Limited’s (ASX:TPM) fibre to the basement network rollout.
The Australian Competition and Consumer Commission (ACCC) had been investigating a complaint claiming TPG was in breach of the ‘NBN level playing field provisions’ in the Telecommunications Act.
The complain concerned TPG’s plans to connect large apartment buildings in metropolitan areas to its existing fibre networks and to use fibre-to-the-basement technology to supply high speed broadband services to residents of those buildings.
The ACCC says TPG’s planned rollout is permitted under the Telecommunications Act and the regulator does not intend to take any action to prevent TPG implementing its plans.
TPG Telecom reported a net profit of $90.1 million in the six months to the end of January 2014.
