Telstra is getting another $300 million to expand its broadband network, in what will be the largest acquisition of broadband infrastructure in Australia.

The acquisition of Qantas and Vodafont is the latest in a series of deals Telstra has made with foreign companies to expand their broadband network and the first in Australia’s history to be approved by the Federal Government.

The Telstra acquisition will see Telstra expand its existing network to cover 2.8 million people and deliver 1.4 million homes.

“Today, Telstra provides the most robust broadband in Australia,” Telstra chief executive Michael Cook said in a statement.

Telstra will continue to invest in infrastructure across the country to ensure the country has the fastest, most robust and reliable network.”

This transaction is a strategic decision that is consistent with Telstra’s strategic objective to deliver high-speed, affordable, secure and reliable broadband across Australia.”

Telstra will continue to invest in infrastructure across the country to ensure the country has the fastest, most robust and reliable network.

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