Business
Stephen Rue lays ground for NBN upgrade blitz – The Australian Financial Review
NBN customers may be in for a pleasant surprise after the CEO was cagey on Tuesday when asked whether he would exceed NBN’s peak funding of $51 billion.
The last corporate plan was published before NBN Co secured $6 billion of borrowing facilities on private debt markets, meaning it can now ramp up capital expenditure without needing to go to the federal government for a handout. The federal government has so far poured $49 billion into the network, and has said it will provide no further funding.
New Street Research analyst Ian Martin said NBN Co may be considering using some of the $6 billion for much-needed upgrades.
“There is a big upgrade…
-
General13 hours agoMelbourne lawyer fled Australia with $1.2m after filing for bankruptcy, court case alleges
-
General23 hours agoInjured former Greens candidate Hannah Thomas charged with hindering or resisting police at pro-Palestinian protest
-
General22 hours agoTony Burke’s detention inaction | The Spectator Australia
-
Business10 hours agoCan the Xero share price deliver a 17% return after the US acquisition?