NBN Co’s faulty economics


By Malcolm Turnbull – [Australia] This latest back down should finally put to bed NBN Co CEO Michael Quigley’s claims that a government-run communications monopoly will somehow be friendlier and more civic-minded than private sector firms.

According to Mr Quigley, the National Broadband Network serves a higher purpose than simply maximizing financial returns. Yet the aggressive nature of the SAU terms that NBN Co has asked the ACCC to rubber stamp is virtually without precedent, as noted by business journalist John Durie:

“One member comments the amount of discretion being sought by NBN boss Mike Quigley would make even the Telstra of old blush.” more> http://tinyurl.com/7kgygld

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