Consumers to pay for Government broadband blunders

Australia’s politicians have totally bungled the introduction of high speed broadband internet connections. A fundamental mistake was establishing a government business -NBN Co - to roll out the system. A more cost-effective and simple approach would have been to allow Telstra to install the fibre cables. Now the NBN recognises that it is unlikely to ever make a profit unless it receives a subsidy and protection from competition. It is also likely that a full roll-out of the NBN network will not be completed for decades, if ever. Consumers will carry the additional costs which are likely to total $ billions.