Broadband the hot issue in Australian election

Whether or not the Australian government should foot the $38 billion bill to construct a fiber optic National Broadband Network (NBN) is still unsettled after a hotly contested election resulted in a hung parliament.

The network, which included a $10 billion deal with Telstra to provide infrastructure, was the bone of contention between the Labor party and the Liberal-National coalition that favored a more cost-conscious $6.3 billion privately run plan. Saturday's election results muddied things as a power shift to independents in rural areas most likely to benefit from the NBN put the $38 billion plan back into play. Labor and the opposition are now cozying up to the independents in hopes of creating a coalition government that will, in the end, determine the fate of the NBN.

"The NBN is no longer seen as the clear negative it was when it was initially conceived," said Luke Sinclair, an investment manager at Karara Capital.

For more:
- see this story
- and this story

Related articles:
Telstra, Australia lay groundwork for proposed broadband plan
Australian opposition coalition spells out broadband proposal
Two views of broadband: Culberson rakes FCC plan, Tasmanians on point in Australia

Suggested Articles

Comcast NBCUniversal has 11 new media and entertainment startups, including facial recognition and interactive sports tech companies, picked for its second…

Harmonic got a big boost for its CableOS virtual converged cable access platform (CCAP) after Comcast this week signed a licensing deal worth $175 million.

TiVo has entered into a multiyear extension of its agreement with Canadian operator Shaw Communications for TiVo’s i-Guide and its intellectual property…