The National Broadband Network Company is leading the new infrastructure project The Australian government has reached an agreement with two telecommunications companies to bring high-speed internet to most of the nation.
Telstra and Optus will close down their infrastructure and transfer customers to the national broadband network.
Telstra will make A$11bn ($11.6bn; £7.2bn) over decades.
Australia's big distances and rough terrain mean high costs and slow internet speeds for many.
Optus, owned by Singapore Telecommunications, will make A$800m.
The deals are part of the government's plans to roll out a A$36bn national broadband network.
The project is lead by the state-owned National Broadband Network Company.
The plan is to connect more than 90% of Australia's population to a fibre optic network that will be among the fastest in the world.
This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
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