Australian Senate approves National Broadband Network legislation, with concessions

The Australian Senate passed new legislation for the country's National Broadband Network (NBN) after it had to extend its recent parliamentary session to complete some last minute details.

Citing an article in The Australian, TeleGeography reported that the Australian government was able to reach a deal with several key Senate members to pass what is called the NBN Companies and Access Arrangements bills.

Of course, the new laws aren't without various concessions. One of the new terms of the new NBN legislation is that NBN Co. won't be able to offer discounts to large carrier customers like Australia's incumbent operator Telstra (ASX: TLS.AX).   

Other concessions include an Australian government review of the NBN Co.'s is compliance with freedom of information laws, while giving the Australian Competition and Consumer Commission's (ACCC's) the right to question the NBN Co.'s network key design and service elements.

For more:
- TeleGeography has this article

Related articles:
TE Connectivity scores $400 million contract with the Australian NBN program
Australia's NBN invites Alcatel-Lucent to network party
Telstra shareholders put NBN sale vote on hold
Telstra realigns management team, names new COO