19 July 2012: The Australian Competition and Consumer Commission has authorised an agreement between NBN Co and SingTel Optus for the migration of Optus’ HFC subscribers to the NBN and the decommissioning of parts of Optus’ HFC network. This decision confirms a draft decision issued by the ACCC in May 2012.
Broadly, under the Competition and Consumer Act 2010, the ACCC may authorise arrangements where it is satisfied that public benefits outweigh any public detriment likely to result from the arrangements.
“As outlined by the ACCC at the time of the draft determination, this decision is finely balanced,” ACCC Chairman Rod Sims said.
“In coming to its final view the ACCC took account of a substantial amount of public and confidential information in addition to submissions received from interested parties in response to the draft decision.”
“The ACCC remains of the view that the public benefits, which are clear and quantifiable, on balance outweigh the likely detriment.”
Full story here.