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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Analysis: Could a cyber war turn into a real one for U.S.? 31 May 2011 Debt-limit hike fails in House in symbolic vote 31 May 2011 On 911 call, Casey Anthony said tot was missing for 31 days 31 May 2011 Dutch seaside cell for Mladic 31 May 2011 Blake Lively "nude" pictures fake, publicist says 31 May 2011 Discussed 61 Judge voids controversial Wisconsin union law 51 Speculation grows over Sarah Palin’s 2012 plans 51 Air France jet crashed nose-up after 4 minute ordeal Watched Massive Australian waterspout caught on film Mon, May 30 2011 Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 GM pulls the plug Fri, May 27 2011 Ericsson wins contract worth up to $1.2 billion in Australia Tweet Share this WELLINGTON (Reuters) - Australia's state-owned National Broadband Network awarded a contract to Sweden's Ericsson worth up to A$1.1 billion ($1.2 billion), the latest in a string of contracts to build the A$35.9 billion network. The contract is to... Email Print Related News Lockheed says frequent cyber target from around world Sun, May 29 2011 Sony shares up on forecast, but more hacks found Tue, May 24 2011 Sony to post $3.2 billion annual loss on tax write-offs Mon, May 23 2011 Tepco chief quits after $15 billion loss on nuclear crisis Fri, May 20 2011 LinkedIn share price more than doubles in NYSE debut Thu, May 19 2011 Analysis & Opinion Is Africa still a victim of capital flight? Internet bubble brings back dubious metrics Related Topics Technology » Media » WELLINGTON | Wed Jun 1, 2011 12:37am EDT WELLINGTON (Reuters) - Australia's state-owned National Broadband Network awarded a contract to Sweden's Ericsson worth up to A$1.1 billion ($1.2 billion), the latest in a string of contracts to build the A$35.9 billion network. The contract is to build and operate a wireless network over the next ten years to cover the remote parts of Australia that will not be serviced by fiber-optic cable under the government's plan to provide fast Internet connections to the bulk of Australian homes. "The mix of technologies we are deploying allows us to offer the most cost-effective rollout of high-speed broadband across our large and sparsely populated continent," NBN Head of Corporate Services Kevin Brown said. NBN, which last month launched its first site on mainland Australia, has been a key policy of Australia's ruling Labor Party, which came to power in 2007. The Australian government is in the final stages of negotiating a deal with incumbent phone operator Telstra Corp, over an $11 billion deal to hand over its fixed line phone network to form the core of the NBN. NBN said it has so far awarded more than 11 contracts with a combined value of up to A$7 billion. The NBN also said on Wednesday awarded a A$380 million contract for deployment of fiber-optic cable over two years to Silcar, a joint venture between Siemens and Leighton Holdings. That contract includes the option of another two years at A$740 million. The network will require total capital expenditure of A$35.9 billion and will need A$40.9 billion in debt and equity. The government plans to put up A$27.5 billion in funding, while the NBN will borrow A$13.4 billion from markets. (Reporting by Adrian Bathgate; Editing by Balazs Koranyi) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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