TPG Telecom has promised to bring back its controversial superfast broadband product, which competes against NBN Co, despite tough new rules introduced by Communications Minister Malcolm Turnbull.

Fibre to the basement (FTTB) connects fibre-optic cabling to apartment buildings before using the existing copper connections to deliver broadband speeds of up to 100 megabits per second.

NBN Co has claimed TPG’s plan could damage the NBN’s business case and add substantial costs to the federal government’s budget. Credit:Rob Homer

As first reported by Fairfax Media, TPG pulled the product from sale in the new year because it could not meet a two-week deadline set by Mr Turnbull on December 14 to start offering rival telcos wholesale access to its new network.

"On 14 December, 2014, we were advised of a regulation that precludes us from selling our FTTB products after 1 January 2015 unless we have taken certain steps," TPG said in a statement on its website. "There has been insufficient time to complete those steps before 1 January so until we complete the required changes we are required to remove our FTTB products from sale."