While Australian Internet advocates fret over the implications of a copper-based NBN, the nation’s biggest investment bank is making a bold inroad into the US broadband market.

Australia’s leading investment bank Macquarie Group has made a bold entry into the US broadband business, emerging as a direct competitor of Internet giant Google in the market for municipal Internet coverage. The group’s infrastructure arm Macquarie Capital has inked a pre-development agreement with the ingeniously acronymed Utah Telecommunications Open…