'Too expensive' - Slim slams broadband plans
September 29, 2010 - 5:34PM
The world?s richest man, Mexican telecom and media tycoon Carlos Slim Helu, says Australia is paying too much for its proposed national broadband network.
??It?s too much money,?? Mr Slim told the Forbes Globes CEO Conference in Sydney today.
??It?s just not necessary to spend so much money because technology is changing all the time.??
Mr Slim made the comments after he was awarded the Malcolm S Forbes Lifetime Achievement award, which honoured his achievements for entrepreneurial capitalism.
The federal government plans to roll out the NBN, a high-speed fibre optic cable network, across Australia at a cost of up to $43 billion.
Mr Slim queried the fibre optic technology on which the NBN would be based.
??You need to have a multi-platform of everything; mobile, landline, fibre, cable and copper,?? he said.
Mr Slim is worth about $US53.5 billion ($55.3 billion), according to the Forbes rich list, and controls Mexican companies Telmex and Telnor, construction conglomerate Impulsora del Desarrollo y el Empleo and has a stake in The New York Times.
In a wide-ranging discussion with Forbes chief executive Stephen Forbes, Mr Slim told delegates the ultimate way to fight poverty was through job creation, not charity.
??Trillions of dollars have been given to charity in the last 50 years, and they dont solve anything,?? he said.
AAP
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