Bank to offer discounted NBN services to customers.
The Commonwealth Bank of Australia (CBA) on Thursday announced it has acquired a 25% stake in the company behind Tangerine and More Telecom, a pair of NBN retailers based in Melbourne. The bank said it would offer its 11 million retail banking customers discounted NBN and broadband services. In May, the bank acquired similar levels of equity in a pair of startups to offer deals related to online shopping and finding an energy provider. „The average monthly cost of internet in Australia is one of the most expensive in the world and we are uniquely positioned to help customers manage these costs,“ CBA group executive for retail banking services Angus Sullivan said.
