Just when one thinks that things can get no worse with government management........there is the NBN.........
SLIM RETURNS ON BROADBAND NETWORK
The National Broadband Network is at risk of never making a profit because of competition from mobile networks, the company's chief executive Bill Morrow has told Fairfax papers. The company is required to eventually turn a profit and repay government loans, though Morrow predicts the government will either have to regulate to the company's advantage or put more money into the scheme.
"We collect about $43 per month from retail service providers for each home they sell into. In order to recover costs we need $52," he said.
It's looking like a painful week for those still at the network, with Four Corners set to probe the massive infrastructure project in tonight's episode -- and multiple negative stories running in national papers this morning.
Among them, both Fairfax and News Corp have obtained data revealing the most expensive installation locations in the country. Top of the list is a $91,196 installation for a house in Tasmania, which The Australian reports would take 146 years of fees for the cost to be recouped. ONE WONDERS HOW IT COULD COST $91,196 FOR ONE INSTALLATION ??? !!!! LOL
told Fairfax papers. The company is required to eventually turn a profit and repay government loans, though Morrow predicts the government will either have to regulate to the company's advantage or put more money into the scheme.
