NBN to cost less than first thought

8 Jul 2010

Australia’s Communications Minister Stephen Conroy has confirmed that the country’s national broadband network (NBN) will be rolled out more cheaply than the original price tag of AUD43 billion (USD36.7 billion). The minister refused to put a final price on the project but said that talk of savings worth billions of dollars was ‘well informed’. The lower cost is a result of an agreement between the government and Telstra which will see the latter lease its infrastructure to the company building the network, NBN Co, although the deal still requires approval from Telstra shareholders.

Australia, Telstra (incl. Belong)