A prominent infrastructure consultant argues lines companies such as Vector, rather than Telecom, are better placed to roll out fibre-optic cable as part of the nation’s imminent push to expand broadband coverage, speed and service.

Temple Investment partner Dr Paul Winton says there has been an underlying assumption from many media commentators over the past few months that the natural owner of a future telecommunications network will be Telecom, simply by virtue of its scale.

Babcock & Brown Infrastructure has sold its stake in local lines company Powerco to funds managed by institutional investment manager Queensland Investment Corporation.

BBI says the sale will net it approximately $400 million in cash, subject to certain post-completion adjustments.

BBI will retain 100% of Powerco’s Tasmanian gas distribution business, which has a book value of $200 million.