Business
Coalition readies for massive NBN write down – MacroBusiness
In March, the Parliamentary Budget Office reported that the “fair value” (or saleable value) of the National Broadband Network (NBN) was only $8.7 billion – less than one-third the federal government’s equity investment. This suggested the NBN required a $21 …
In March, the Parliamentary Budget Office reported that the “fair value” (or saleable value) of the National Broadband Network (NBN) was only $8.7 billion – less than one-third the federal government’s equity investment.
This suggested the NBN required a $21 billion write down.
Now, the Morrison Government has put the NBN’s valuation under review, suggesting a write down is pending prior to privatisation:
Consulting firm Ernst & Young has been appointed to examine how the network is value…
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