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BENSON THIS for YOU
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Read what was then on.https://en.wikipedia.org/wiki/TelstraCHANNEL NEWSWhat Penn is living off is the work done by former Telstra executives Sol Trujillo, and his imports, dubbed the three amigos, they included Greg Winn the former chief operating officer and the likes of Phil Burgess the former head of Telstra’s communications and regulatory department who in effect became the second most powerful executive at Telstra.Pre-2007 federal electionThe opposition Labor Party proposed that if elected, it would commence the construction of a 'super-fast' national broadband network (NBN). The initial proposal would see fibre to the node (FTTN) technology for 98% of Australian households with a minimum speed of 12 Mbit/s, and the remaining 2% would "have improved broadband services" The network was initially estimated to cost A$15 billion including a government contribution of A$4.7 billion which would be raised in part by selling the Federal Government's remaining shares in Telstra.[4]The Howard Government's $2 billion broadband plan would see regional areas to get WiMAX wireless and ADSL2+ broadband. At no cost to the taxpayers, the private sector would tender to build a FTTN broadband network in built-up areas capable of delivering internet speeds of up to 50 Mbit/s.[5]2007 Federal election.The Labor Party won the November 2007 federal election, and the Rudd Government was sworn into office on 3 December. Soon afterwards, Senator Stephen Conroy announced the newly elected government's commitment to building a national high-speed broadband FTTN network. Initial planning and work was commenced under the Labor Party's first Rudd government.2008Initial Request for ProposalRequest for Proposal (RFP) to build the NBN issued, compliant proposals were received from Acacia, Axia NetMedia, Optus on behalf of Terria, TransACT and the Tasmanian Government (covering their respective states only), a non-compliant proposal was received from Telstra and they were excluded from consideration. There were suggestions that if the project were to go ahead, Telstra's exclusion could lead to them being entitled to compensation estimated at A$15–20 billion.[Bidders who lodged compliant proposals were neither able to meet the government's requirements nor able to raise the necessary capital during the global financial crisis, the RFP was terminated on 7 April 2009. After terminating its initial RFP, the Rudd Government announced it would bypass the existing copper network by constructing a new national network combining fibre to the premises (FTTP), fixed wireless and satellite technologies.[16] The FTTP rollout was planned to reach approximately 93% of premises in Australia by June 2021.For each percentage point of coverage above 93%, FTTP build costs become prohibitive because of a low population density. However, the FTTP footprint could be expanded where users or communities were willing to pay the incremental costs of installing FTTP.The FTTP rollout was to gradually replace the copper network then owned by Telstra and used for most telephone and data services. As part of an agreement with NBN Co, Telstra was to move its customers to the NBN, and lease space in its telephone exchanges and access to its extensive network ducting.Tasmania was selected for a trial deployment based on the Tasmanian Government's submission to the RFP.At the same time, the federal government threatened to force a structural separation of Telstra. Initial expected cost and payback[edit]The Rudd Government estimated to the capital expenditure of the project initially to be A$43 billion. NBN Co later revised down the cost in its business plan to A$37.4 billion. The project was to be financed by a combination of a Federal Government investment of A$30.4 billion and private investment for the remainder.NBN Co intends to begin paying dividends back to the Federal Government in 2021, and to have fully repaid the Government's contribution by 2034. NBN Co's business plan forecasts a return on investment of 7.1%, expecting to turnover revenue of A$23.1 billion by 2021.NBN Co set up. NBN Co was established on 9 April 2009.