TLS should provide for the probability that the NBN will be sold back to the private sector (who knows when and what shape it will be in) and they should keep a bit of cash available for that eventuality. TLS will be a recipient of one of those "you only get one Alan Bond" moments - substituting Stephen Conroy - or Kevin Rudd - whoever, for Bondy.
The NBN is looking rather Greek to me - mindless expansion of the Public Sector when the going is good - but as the bills come in and the resource boom has faded to bust, that's when stuff has to be sold - cheap.
TLS should provide for the probability that the NBN will be sold...
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