And dont forget that wonderful expectation to realise full value...

And dont forget that wonderful expectation to realise full value in an asset after fifteen years.

My Master Tax Guide tells me to depreciate IT at 25% meaning that it is worthless after four years. Given the pace of change in the telecoms business I would say this is appropriate. Fibre cable is going to have a value, but I cant imagine it being the technology of choice after fifteen years in the ground (and depreciating).

Adding in the compounding rate of inflation, who is going to pay $40billion indexed to 2012+fifteen years prices for a fifteen year old technology?

Can you spell w-h-i-t-e- -e-l-e-p-h-a-n-t.........???