The joint Optus/Elders ‘Opel’ contract which was meant to connect regional Australia with Broadband has been officially terminated by the Federal Government.
Opel was granted almost $1Billion ($958M) back in June 2007 to fund Broadband Internet development for the bush. However, the funding was awarded to Opel by the Liberal Government who, since then was replaced by the newly elected Labor Government.
The terminated contract was believed to have been canceled through the lack of sufficient coverage requirements, although Opel has stated that it is capable of meeting all the essential objectives.
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