did tls sell its pipes to the nbn or did they rent them to the nbn
it is funny use of RENT if the pipes belong to the NBN
"As for the rent to be paid for access to ducts, pits, conduits and space in the exchanges - there is an easy way to find out whether it's really worth $5 billion: simply float the infrastructure as an IPO with an annuity income stream from the NBN.
After all, it will have to be valued by an independent expert before going to shareholders for approval, and there is not much point in the new Telstra owning it, simply to collect rent from a government business enterprise.
So, next step: a $5 billion IPO of Telstra's ducts and pipes? Only if someone wants to know the true market value of today's deal. I'm guessing they might not want to know. "
headline deal = $11b, page-33
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