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Telstra’s satellite hit to NBN

The telecommunications giant is stepping up its investment in satellite and fibre optic networks in a move that puts more pressure on the government-owned National Broadband Network.

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Telstra and its new satellite partner, Viasat, delivered two blows to the government-owned NBN Co on Wednesday with the release of plans to invest up to $1.6 billion in new telco infrastructure over the next five years.

NBN has every reason to be worried about Telstra upgrading 20,000 kilometres of fibre optic cable on the east coast, and United States satellite company Viasat revealing plans to offer satellite broadband services to business and consumers.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p59t7q