Thursday, 27 July 2017

Australia NBN cost grows by A$15 billion

By Mary Lennighan, Total Telecom
Monday 24 August 15

Next-gen broadband network company aims to cover 9.1 million homes in three years, but project will cost more than it previously stated.

Australia's NBN on Monday announced that the funding it will require to roll out its infrastructure will be as much as A$15 billion (€9.3 billion) higher than it previously forecast. Alongside the presentation of its financial results for the full year to the end of June and upbeat targets for the network going forward, NBN admitted that costs will come in at A$46 billion…

Australia's NBN on Monday announced that the funding it will require to roll out its infrastructure will be as much as A$15 billion (€9.3 billion) higher than it previously forecast. Alongside the presentation of its financial results for the full year to the end of June and upbeat targets for the network going forward, NBN admitted that costs will come in at A$46 billion…

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