This another case/ example of ... Screw the ratepayers

TransACT

It was also reported that the TransACT network consisted of 4,500 kilometres of broadband and 40,000 customers, including 50 lucrative contracts with government departments, that had cost $280 million to build over 10 years.



In November 2011, iiNet confirmed plans to acquire TransACT for $60m. At the time TransACT had about 40,000 customers throughout the ACT, Queanbeyan and regional Victoria, across the residential, business and government sectors, and had "total recurring annual revenue" of about $80 million and earnings before interest, tax, depreciation and amortisation of $17 million.

In November 2011, TransACT was acquired by iiNet Limited, which in 2015 itself became a subsidiary of TPG.



And the same will happen to the Electrical Power System !!