network veteran calls quigleys spin b-s

http://www.theaustralian.com.au/business/nbn-co-chief-tries-to-clear-record/story-e6frg8zx-1225856132609


thanks jb for raising Quigleys latest, this counter to it deserves a new post

Extract..
The founder of fibre wholesaler Pipe Networks, Bevan Slattery, described the possibility of the NBN generating a commercial return as bullshit.

You can't get a commercial return on building out a $43bn network: you can't do it, he said.
Don't play cute, don't spin, don't bullshit. Trying to draw out a 30-year payback period, whatever, that's not a commercial return.

Mr Slattery also slammed secrecy surrounding many crucial details of the NBN project, particularly cost-benefit analysis to justify the $43bn price tag, end-user pricing and ongoing maintenance costs for the network.

The government has pledged that many of the financial uncertainties surrounding the NBN will be answered when a $25 million study into the financial viability of the project is released before the budget next month. Mr Slattery warned that the lack of disclosure could harm the government's plans to attract the private-sector investment needed to complete the ambitious project.

Failure to lure the private sector could result in taxpayers having to cover the entire $43bn, he warned.
The government ownership of NBN Co could be 100 per cent: prepare yourself for that, he said. I also don't think they will sell out their stake in NBN Co, because (the buyer) could not get a commercial return.

Comment ..

Apart from Chief Quigley of NBN Co loosing credit by the day, recent moves seem to put NBN on the political back burner. PM Kevin Rudd, flushed by his Health victory, is in full election mode where non-Health inconveniences like the NBN should be well in the background.
Certainly its one where unknown cost responsibilities and blowouts like NBN will not be welcome.

With OPTUS joining Telstra in refusing to deal with NBN at present, Quigley does have problems
(Not the Govt, it'll be all his fault).