Telstra today said it will invest up to $1.6 billion in a pair of high-speed fibre optic networks.
Telstra CEO Andy Penn says the move is about providing more bandwidth to cater for the high uptake in digital engagement seen over the last two years.
“I think one of the things we’ve all seen over the last two to three years is the massive … uptake … in digital engagement and people using the internet, people working from home – all of that needs more bandwidth,” Mr Penn told Sky News Australia. “And that’s what you’re seeing here; you’re seeing Telstra investing in building more capability, more capacity to provide internet coverage and capacity and speeds in the future.”
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