Editing Telstra (section)

=== National Broadband Network ===
{{Main article|National Broadband Network}}

On 26 November 2008, Telstra submitted a non-complying tender issued by the federal government to build a [[National Broadband Network]], a 12-page letter proposing a $5&nbsp;billion broadband network covering between 80 and 90 percent of the Australian population in major cities, despite the tender requiring 98 percent coverage.<ref>{{cite news|title=Labor network tender a farce: Minchin|url=http://www.theaustralian.com.au/news/labor-network-tender-a-farce-minchin/story-e6frg6n6-1111118148804|access-date=3 December 2013|newspaper=[[The Australian]]|date=26 November 2008|author=Nicola Berkovic}}</ref><ref>{{cite news|title=Telstra enters NBN race|url=http://www.theaustralian.com.au/news/telstra-enters-nbn-race/story-e6frg6n6-1111118146039|access-date=3 December 2013|newspaper=The Australian|date=26 November 2008|author=Michael Sainsbury}}</ref>

As a result, Telstra was removed from the National Broadband Network RFP process on 15 December 2008.<ref>{{cite news|title=Telstra's NBN bid rejected|url=http://www.theaustralian.com.au/news/telstras-nbn-bid-rejected/story-e6frg6n6-1111118319164|access-date=3 December 2013|newspaper=The Australian|date=15 December 2008|author=Allison Jackson|url-status=live|archive-url=https://web.archive.org/web/20140501234659/http://www.theaustralian.com.au/news/telstras-nbn-bid-rejected/story-e6frg6n6-1111118319164|archive-date=1 May 2014}}</ref> In response, Telstra announced that it would raise speeds on its existing Next G network and HFC "cable" network so that they both offer higher speeds than the RFP for the NBN requires.<ref>{{cite news|title=Telstra not beaten yet on broadband|url=http://www.theage.com.au/national/telstra-not-beaten-yet-on-broadband-20081215-6z3x.html?page=-1|access-date=3 December 2013|newspaper=The Age|date=16 December 2008|author=Peter Martin|agency=Australian Associated Press|url-status=live|archive-url=https://web.archive.org/web/20140123184921/http://www.theage.com.au/national/telstra-not-beaten-yet-on-broadband-20081215-6z3x.html?page=-1|archive-date=23 January 2014}}</ref> Following Telstra's exclusion from the National Broadband Network bidding process Telstra's share price suffered the biggest one-day percentage fall in its history.<ref>{{cite news|title=Telstra, Macarthur push Australian sharemarket down 2pc|url=https://www.theaustralian.com.au/business/latest/telstra-mcc-push-market-2pc-lower/news-story/92e685678e0884872716d0afceb47441|access-date=3 December 2013|newspaper=The Australian|date=16 December 2008|author=Allison Jackson}}{{Dead link|date=May 2020}}</ref>

[[NBN Co|NBN Co Limited]] signed a definitive agreement with Telstra on {{nowrap|23 June 2011}}, estimated to be worth {{nowrap|A$9 billion}} post-tax [[net present value]],<ref name='telstra-deal-nbnco'>{{cite news|title=NBN Co and Telstra Sign Binding Definitive Agreements|url=https://www.nbnco.com.au/corporate-information/media-centre/media-releases/nbn-co-and-telstra-sign-binding-definitive-agreements.html|access-date=29 January 2018|newspaper=NBN Co|date=23 June 2011|url-status=live|archive-url=https://web.archive.org/web/20180129140347/https://www.nbnco.com.au/corporate-information/media-centre/media-releases/nbn-co-and-telstra-sign-binding-definitive-agreements.html|archive-date=29 January 2018}}</ref> building upon the signing of a financial [[Heads of Agreement (law)|heads of agreement]] a year beforehand.<ref name='telstra-heads-oz'>{{cite news|title=Telstra in $11bn NBN deal with Rudd government|url=http://www.theaustralian.com.au/business/telstra-in-11bn-nbn-deal-with-rudd-government/story-e6frg8zx-1225882022392|access-date=3 December 2013|newspaper=The Australian|date=21 June 2010|author=Mitchell Bingemann|author2=Jennifer Hewett|url-status=live|archive-url=https://web.archive.org/web/20140501234654/http://www.theaustralian.com.au/business/telstra-in-11bn-nbn-deal-with-rudd-government/story-e6frg8zx-1225882022392|archive-date=1 May 2014}}</ref> Telstra agreed to "disconnect"<ref name='joint-committee-16/5/11-p16'>{{citation |work=[[Hansard]] |date=16 May 2011 |title=Joint Committee on the National Broadband Network |publisher=[[Parliament of Australia]] |url=http://www.aph.gov.au/hansard/joint/commttee/j32.pdf |access-date=31 May 2011 |page=16 |url-status=dead |archive-url=https://web.archive.org/web/20110604051316/http://www.aph.gov.au/hansard/joint/commttee/J32.pdf |archive-date=4 June 2011 }}</ref> its Internet customers from the copper and [[hybrid fibre-coaxial]] networks in areas where [[Fiber to the x|FTTP]] has been installed, and agreed to lease [[dark fibre]], exchange space and ducts to NBN Co. As part of the agreement, Telstra would not be able to market their mobile network as an alternative to the NBN for a number of years.<ref name='telstra-deal-nbnco'/> Telstra remains the owner of its networks.<ref name='joint-committee-16/5/11-p16,31'>{{citation |work=[[Hansard]] |date=16 May 2011 |title=Joint Committee on the National Broadband Network |publisher=[[Parliament of Australia]] |url=http://www.aph.gov.au/hansard/joint/commttee/j32.pdf |access-date=31 May 2011 |pages=16, 31 |url-status=dead |archive-url=https://web.archive.org/web/20110604051316/http://www.aph.gov.au/hansard/joint/commttee/J32.pdf |archive-date=4 June 2011 }}</ref> On 18 October 2011, Telstra shareholders overwhelmingly approved the deal.<ref>{{cite news|title=Telstra shareholders vote yes on NBN|url=http://www.dailytelegraph.com.au/archive/news/telstra-shareholders-to-vote-on-nbn/story-e6frez7r-1226169421049|access-date=3 December 2013|newspaper=[[The Daily Telegraph (Sydney)|The Daily Telegraph]]|date=18 October 2011|author=Philip Jacob}}</ref>

On 14 December 2014 it was announced that in a A$11b renegotiated deal Telstra will transfer ownership of its copper and [[hybrid fibre-coaxial]] (HFC) networks to NBN while disconnecting premises from these networks. This ownership allows NBN Co to use these networks "where it sees fit in for its multi-technology NBN rollout."<ref name="itnews">{{cite web|title=Telstra hands over copper, HFC in new $11bn NBN deal|url=http://www.itnews.com.au/News/398793,telstra-hands-over-copper-hfc-in-new-11bn-nbn-deal.aspx|access-date=15 December 2014|publisher=iTnews.com.au|date=14 December 2014|first=Allie|last=Coyne|url-status=live|archive-url=https://web.archive.org/web/20141216090228/http://www.itnews.com.au/News/398793,telstra-hands-over-copper-hfc-in-new-11bn-nbn-deal.aspx|archive-date=16 December 2014}}</ref>