Federal Cabinet has approved a $3 billion plan for regional telecommunications that will pave the way for the full sale of Telstra.

The plan includes a $2 billion fund to pay for service upgrades in regional Australia in the future.

Mr Costello says the plan will resolve the issue of Telstra's ownership once and for all. "It can ensure there is open competition," he said. "It can safeguard services in rural and regional Australia.

Originally by ABC News: Politics, 12:02 PM

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