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…
Continue Reading