The Australian government finally sealed its hard-fought agreements with two of the country's leading telcos that hopefully will roll out the implementation of the National Broadband Network, pending the approval of the Australian Competition and Consumer Commission (ACCC).

In a news conference attended by the deal's foremost personalities, Prime Minister Julia Gillard said on Thursday that the agreement reached with both Telstra Corporation and Optus, "we will be able to see the close-down of the old copper network and its replacement with fibre-to-the-home."

Ms Gillard added that soon enough "super-fast broadband is being rolled out around Australia ... and to Australian families and businesses."

Also present was Communications Minister Stephen Conroy, long a face of the Gillard government's struggle to push the NBN initiative, who described the inking of the deals with telcos as "truly an historic day for the telecommunications sector."

While the agreements effectively shored up the recent flagging stature of Ms Gillard's rule, her Treasurer, Deputy Prime Minister Wayne Swan, said in a statement that bringing on Telstra and Optus in the national implementation of NBN represents not only political victory for the government.

More of the benefits from the NBN roll out will be felt long-term by Australian consumers, Swan pointed out, as he added that "they are going to be the big winners out of this very substantial micro-economic reform."

With the documents signed and sealed, Telstra is all set to relinquish its copper network to NBN Co. but not for free as the federal government will need to fork out some $11 billion to compensate the giant telco for its 'business sacrifices'.

Also, by agreeing with the provisions of the NBN program, Optus will shut down its private network and allow NBN Co. to assume the national communication systems ion exchange for a payment that would reach a high of $800 million.

The companies currently hold 60 percent dominance of the national telecommunication market and with NBN Co. assuming that huge pie, it immediately gets control of the field without even firing the first shot.

Once the ACCC gives its thumbs up on the whole process, which Ms Gillard said is almost forthcoming, Australian consumers, regardless of their locations, will have access to a high-speed access on the web, which will carry a more affordable cost through the passage time, Conroy assured.

He added that "these agreements with Telstra (and Optus) represent an overwhelming endorsement of the NBN and bring super-fast broadband for all Australians."