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Telecommunications Quaking Quilty questions Singtel Optus $10 billion NBN “black hole”
Telecommunications Quaking Quilty questions Singtel Optus $10 billion NBN “black hole” | Quaking Quilty questions Singtel Optus $10 billion NBN “black hole” |
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| by Alex Zaharov-Reutt | |
| Friday, 28 November 2008 | |
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Page 2 of 2 Continuing to quote David Quilty, he says: “Even if Singtel Optus can be believed that it is putting $1 billion to $2 billion into its NBN proposal (less than 20 per cent of the non-government cost), this still leaves an $8 billion funding hole.Featured Whitepaper
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“Australian needs a world-class NBN built by those with the financial capacity, the technical capability and the proven record to take on one of the largest infrastructure projects in the nation’s history. “Australia cannot afford a sub-prime NBN funded with dodgy or non-existent money and left in the hands of those who always promise big but never deliver. “Singtel Optus has an abysmal investment record in Australia. It built a cable network it prefers not to use. It suspended its wireless broadband offering when it could not deliver on what it promised to customers across Australia. “The Singtel Optus–headed OPEL consortium had to forsake $950 million in taxpayers’ money when the Government ruled earlier this year that it could not meet its funding benchmarks. “Telstra is the only serious builder of the NBN. It is the only company that has committed serious capital to the project and disclosed that commitment to the ASX.” Given how seriously Telstra is fighting to win the NBN bid, we can but presume Quilty’s quips will become quotidian as he reaches for his QWERTY keyboard to question any and all who dare to quarrel with the big T. |
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