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Telco and fibre network operator Uniti Group has acquired Telstra’s fibre-to-the-premises (FTTP) network, Telstra Velocity, for $140 million.
Telstra Velocity comprises Telstra s FTTP network deployed to provide broadband services to Telstra Velocity estates and its South Brisbane Exchange regions. It currently services some 55,000 customers and covers up to 68,000 premises.
The acquisition is Uniti’s latest in a number of fibre network builders, including OptiComm and LBNCo, both of which were acquired within the past two years.
As part of the deal, Telstra also becomes a retail service provider (RSP) of Uniti Group’s national FTTP network.
“This is another remarkable milestone for our young company. To have secured such a large FTTP network aligned to our core strategy which can be integrated quickly to grow our “core plus” infrastructure earnings is a wonderful way to end what has been a completely transformative year for Uniti Group,” Uniti managing director and
Uniti bags 50,000 FTTP services in $140M Telstra Velocity deal
Uniti bags 50,000 FTTP services in $140M Telstra Velocity deal
Increasing active premises on its wholesale and infrastructure FTTP network by 40 per cent
Michael Simmons (Uniti Group) Credit: Uniti Group
Uniti Group has acquired Telstra Velocity and South Brisbane Exchange assets in a landmark deal worth $140 million.
The deal will give the publicly-listed telecommunications services provider access to 50,000 Telstra fibre-to-the-premises (FTTP) services to its network.
Velocity is Telstra’s optical fibre network that utilises FTTP technology for broadband, phone, payphone, subscription TV and free-to-air services, which totals around 55,000 services across 128 residential housing estates in all mainland states.