The Gov't surplus is being eaten at an enormous rate.
Conroy and Co will have $0 to put into NBN and therefore all other bidders will run for the hills.
Since TLS is now not in the picture it might be time to think about investing the cash surplus in other countries. Ones that have better regulations, yes even China a communist country will be mire flexible than Aus in the near term. No one will want to invest in telecommunications here for a long long time..........
PS. 7% will be mighty fine if interest rates hit 3% by nid 2009. That means savings accounts, term deposits and cah management accounts will be about 1-4% at best, some even lower than inflation.
TLS Price at posting:
$3.85 Sentiment: Hold Disclosure: Held
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