NBN has a monopoly over fixed line, anyone can compete with...

NBN has a monopoly over fixed line, anyone can compete with them, but they have to pay a $7 per month charge to NBNCo to help them subsidise Wireless and Satellite (there was a big drama about it for years, nicknamed the NBN Tax).

So it makes sense fo Uniti can go for high density brownfields, like apartments, competing with FTTB, which btw TPG used a loophole to avoid paying the $7 NBN tax, but its limited in geography.

NBNCo make more revenue per customer when NBN tax is taking into account, but NBNCo is probably less efficient in some ways as well, even though they shouldnt be.

NBN is planning on rolling out FTTN upgrades now to brownfields as well.

I dont dislike the business, its good steady predictable income, stuff super funds love, as we have seen from the battle to get opticomm, and Uniti have enhanced its value by taking out other competitors.

I havent followed uniti that closely recently, but i wonder if super funds will come after UWL, or will UWL expand its product areas and grow other telco streams ?