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Labor under water on $32b ‘commercial’ NBN investment

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The federal government is unlikely to recoup the $31.9 billion injected into the NBN, even if the NBN Co is eventually privatised in the 2030s, a leading telco analyst says.

The admission that costs would not be fully recoveredTwo former senior Department of Finance officials said Labor and Coalition governments had repeatedly kicked the can down the road on revaluing the NBN.

NBN paid billions of dollars to Telstra for design and planning work, as well as an ongoing $1 billion annual payment to use Telstra’s ducts and trenches to lay the fibre. But it is currently difficult to accurately put a dollar figure on because of the regulatory uncertainty and no auction process to test its market worth.

 

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Why does a public service have to return a profit? And why not discuss the benefit to the economy of increasing the efficiency of businesses through faster internet speeds 🤔. It actually doesn't matter that we're in debt, it seriously matters why we're in debt. Libs don't get it

Perhaps someone can enlighten me as to why every government infrastructure investment must return a profit? Same debate over Vic’s suburban rail loop. Surely indirect benefits in efficiencies for business and social benefit must be accounted. auspol

that is the stupidity of using tax$ to build fibre optic Telstra should do it to share with Optus

I’ve enjoyed 5 years+ of awesome Fttp under NBN. Sorry to see it watered down by Turnbull in some areas.

The $32b would have been cream paid to Lib-Nat Boys Club Mates. Now its time to determine who those mates were/are and expose them to the Aussie voters. Go Get 'Em Team Labor.

You missed the key detail where the LNP completely fucked the NBN so they could play political games instead of the doing what was in the national interest

Rudd still talking underwater

Labor under water?

It's only taxpayer money. Rudd and Conroy don't want to comment, convient of them.

The Progressive socialists having dropped Democratic determine Kulaks have more grain in their cellars to ameliorate every oppression every inequity, dignity has no price its priceless. So apparently are the treasury coffers though it appears the Reserve Bank does not believe it.

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