(Image credit: Stephen Lambrechts / Tom's Guide)

Well, look what the cat dragged in. It's deals season, and in a surprising turn of events, Australia's largest telco, Telstra, has joined in on the discounting fun.

From now until November 2, 2026 , Telstra is slashing up to AU$240 off its NBN plans during the first six months of service. The telco, which owns 35.2% of Australia's wholesale NBN market share, is synonymous with premium pricing, plans and perks, so these savings are pretty valuable (and rare, if I'm being honest).

The most enticing deal is Telstra's NBN 500 plan , at AU$69p/m for the first six months. You'll save a nice AU$180 before the price increases to AU$99p/m ongoing, and it costs the same as Telstra's current offers on the NBN 50 and NBN 100 tiers. This means if you have an FTTP or HFC connection at home, you can get up to 10x faster internet for the same price as Telstra's slow 50Mbps plan.

The only catch? You'll need to BYO modem to sign up for Telstra's NBN 500 plan.…