NBN Co has given itself the option of bringing forward major network upgrades to improve internet speeds and connectivity after securing an extra $4.1 billion in private financing.
NBN Co has secured an extra $4.1 billion in funding that could be used for upgrades or refinancing a government loan.NBN Co secured a total $6.1 billion in debt finance from banks, $2 billion of which falls within the current $51 billion rollout budget. The government said the company's decision to secure an additional $4.1 billion was sensible and gave it flexibility.
$19.5 billion of NBN Co's current $51 billion budget comes from a federal government loan. The company is expected to refinance the debt with private sources by 2024.
fergushunter Long overdue if they have finally accepted that a fix is required... BetterBroadband
if that bunch of tw*t's the libs hadn't stuffed it up in the first place
Rip out the copper fraudband.