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Broadband gets go ahead

The Federal Government and private sector will invest up to $43 billion over eight years in a super-fast national broadband network, in the "single biggest infrastructure decision in Australia's history".

Under the new plans, the funding for the network offering speeds of up to 100 megabits per second will be provided by a national broadband network corporation in which the Government will be the majority shareholder. The network will be operated separately from retail telcos such as Telstra and Optus.

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