back the truck up, page-40

NBN at 12mbs certainly is outdated - that makes it high risk and deserving of an 18% ROI that TLS considered appropriate.

imo TLS's main problem lies with the psyche of the average politician - they tend to play the man not the ball - with Rudd and Conroy certainly of this mould. They will not forgive TLS management for "talking back" - something they are legally required to do as custodians of shareholders funds - and despite the fact that modern communications knowledge in political circles is grossly deficient. So RuddCon will continue to kick TLS management around and TLS the company, its shareholders, et al will suffer considerable collateral damage. Anything could happen. With the $50bn stimulus package, govt could have built at least 4 NBN's - the fact that they prefer baubles and beads is a real worry.

In all fairness the LibNats were no better and anyone who thinks a Costello led LibNat govt would do any better has a short memory - to successfully roll out a NBN requires the Vision thing - Costello didn't have it then and there's no danger of him acquiring it.

So where does that leave us TLS investors - I agree with a previous post decribing TLS as "in the midst of a perfect storm". As shareholders we need to tough this out - much bad news is priced in, maybe overdone. Best case scenario is for TLS to be allowed to operate as a normal business and get on with the job of upgrading and ideally extending their existing fixed line offerings - will probably happen, RuddCon are not there yet.