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Sydney (ANTARA News/Asia Pulse) - Developers have warned that thousands of new houses in Australia will take longer to come onto the market, and will cost up to A$3000 (US$2,746) more, because of Telstra's (ASX:TLS) decision to stop installing copper phone lines.

Telstra has told developers it has stopped installing copper phone connections in greenfields developments because of a federal government requirement for fibre-optic cable in new housing from July 1, Fairfax newspapers say.

Stephen Albin of the Urban Development Institute of Australia says the decision last Thursday has caught many developers by surprise and will cause long delays in selling homes, exacerbating the housing shortage. Mr Albin says he expects the decision by Telstra to affect "scores of developers" and "thousands" of homes.


Source:
Business in Asia Today - March.22, 2010
published by Asia Pulse

Editor: Ricka
COPYRIGHT © 2012

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