"The reason given by Percy Allan why NBN is shaping up to be a financial disaster is:
"If a lower than expected proportion of people end up subscribing to it because they don't want to pay Rolls-Royce prices for a Rolls-Royce service"
I do not think that Percy Alan quite gets the NBN.
Under the existing proposal, unless modified in future by possible opposition government all the other in ground services will be decommissioned, possibly removed.
So the only land lines available have to use use the NBN monopoly fibre. If Percy Alan and others choose not to have fibre connected to his house , instead just relying on wireless, all that will do is the wireless towers receiving the mobile signals will connect to the NBN fibre somewhere else.
Wireless providers need to connect to the Internet somewhere and big pat of that is the fibre. Yes they are also satellites, anyway we have been through all this in these pages.
I was interested to hear the Steven Conroy say that there are already some providers offering NBN and the lowest price at the moment was $24.00. He was on tely, no details where and who is charging this low price.
TLS Price at posting:
$3.35 Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)