Corrs advises Government on definitive agreements between Telstra and NBN Co and on USO agreement

23 June 2011

Corrs Chambers Westgarth has advised the Government on the $9 billion definitive agreements between Telstra and NBN Co. The Telstra / NBN Co agreements form part of the suite of agreements between NBN Co, Telstra and the Commonwealth relating to structural separation, the implementation of the NBN and associated reforms.

Those agreements include an agreement concerning the fulfilment of the universal service obligation (USO) in the new NBN world signed today by the Minister for Broadband, Communications and the Digital Economy and Telstra. The USO arrangements also include the establishment of a new agency to oversee the USO. That agency will be called the Telecommunications Universal Services Management Agency.

Corrs Chambers Westgarth advised the Department of Broadband, Communications and the Digital Economy on the USO reforms and has worked for many months to prepare and negotiate the USO agreement with Telstra.

The Corrs team was led by partners Thomas Jones, Andrew Messenger and James North and special counsel Andrea Kennedy.

Corrs partner Thomas Jones said: “The USO agreement will be a key plank of regulation in the new NBN world. The Corrs team has worked for many months with the Department to assist in delivering this outcome for the Commonwealth. We look forward to continuing to work with the Department in relation to the implementation of these reforms.”

About Corrs TMT practice

Corrs has a long-term strategic commitment to the telecommunications, media and technology industries and continues to strengthen its market leading reputation in the TMT sector. Corrs is entrusted by a broad cross-section of leading companies and government departments to advise on strategically significant, and in many cases, company or industry sector changing transactions.

Corrs continues to advise NBN Co on a wide range of matters.

For further information, please email Glenn Taylor or contact by phone on +61 2 9210 6593.