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ACCC Ticks NBN Deal With Optus

ACCC Ticks NBN Deal With Optus

The ACCC said it would ratify the deal, which will see the hybrid-fibre coaxial (HFC) network currently used for pay-TV services converted for use as part of the $56 billion national broadband network.

Authorisation has been granted for 35 years and follows the ACCC’s draft decision released in July.

“The ACCC had regard to the need for regulatory certainty and its view that the balance of benefits and detriments identified by the ACCC in 2012 was not likely to have changed, despite policy and technological changes since then,” said chairman Rod Sims.

“This was partly because Optus would still be unlikely to invest in significant upgrades of its HFC network in order to provide infrastructure-based competition beyond the short to medium term.

“Regardless of whether the proposed acquisition occurs or not, we judged that Optus and NBN Co would not compete with each other.”