Where to now for long term investors of Telstra, page-689

From the NBN.

Our own data shows that 83 per cent of people on services powered by the nbn™ network today are ordering retail services based on the two lowest wholesale speed tiers 25/5Mbps and 12/1Mbps.
There is currently around a $20-$30 monthly difference between what retailers charge for plans based on our 25/5Mbps wholesale service and our 100/40Mbps wholesale service – but only 13 percent of end-users are willing to pay that relatively small premium for access to that faster tier.
We have to be realistic about what the market is actually telling us about demand for ultra-fast services.
Of course, the demand for Gigabit speeds could, and probably will, change – current plans for FTTP and DOCSIS 3.1 HFC suggest they will be able to deliver such speeds to around 5 million premises on the nbn™ network by 2020 and the other parts of our network, with the exception of satellite, have upgrade paths to offer the same ultra-fast speeds when demand comes around.
Rather than build for a demand that may materialise in 10 years, we are constructing a national network capable of continuous upgrading to meet market needs as and when they arise.
There is little point in adding to the already high $49 billion cost of the nbn™ network to provide a capability that end users do not yet require and RSPs are not selling.