Optus HFC network gobbled by NBN Co for AU$800m

"Black day indeed for the ACCC and competition in Australia" says Turnbull

SingTel Optus will hand over its 400,000 HFC network customers to NBN Co and decommission parts of the network following the Australian Competition and Consumer Commission’s final approval of the AU$800 million HFC asset deal.…

via The Register - Networks

http://go.theregister.com/feed/www.theregister.co.uk/2012/07/20/optus_hands_over_hfc/