iiNet director of regulatory affairs, Steve Dalby, said the ISP was keen to see the "meat and bones" of the agreement, but there was still much to be done before a deal between NBN Co and Telstra was concrete.

"Speaking generally, we are very supportive of the structural changes which accompany the NBN project," Dalby told. "They are a long time coming and very welcome.

"NBN is not just about fibre and gigabits, it's about a much less constrained competitive environment, greater coverage and a national, publicly owned network infrastructure which will be more reliable, have higher performance and more utility than the present, privately owned and restrictive model."

With the , it was now time for the government to more clearly articulate how it would use the NBN to drive economic growth, Dalby said.

"I look forward to the development of a national ICT strategy to exploit this new infrastructure across all threads of the Australian economic fabric," he said. "It can't come soon enough for us."