The Australian Labor Party has questioned the value apportioned to the NBN Co by its chairman Ziggy Switkowski, who said during a Senate Estimates hearing that the company could fetch a price of $50 billion if it was sold post-2020.
The chairman of NBN Co, the company rolling out Australia's national broadband network, has told Senate Estimates that the NBN could still fetch a price of $50 billion once it is fully rolled out in 2021.
Australia's national broadband network, the NBN, will not return a profit on the billions invested in the project, a new report from credit ratings agency Standard & Poor's says.
Alternative headline: Four million ignore the NBN. Woeful ARPU sees NBN Co struggling to reach profitability.
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