Australia's National Broadband Network To Go Ahead

angry tapir writes "After weeks of a hung parliament following the Australian federal election, the incumbent Labor Party has garnered enough support among independent MPs to form a minority government. Broadband was central to clinching the independents' support. Labor's victory means the $43 billion National Broadband Network will push ahead. The policy has generally been popular among ISPs and telcos — though some rebel operators preferred a policy that emphasized wireless technologies, similar to the proposals put forward by Labor's opponents. The primarily fiber-based NBN is set to offer Australians 1Gbps broadband."

Comments

Re:Australian... with questions here

[labnet]

Silly high prices. It will only get worse.

Lets see
$43B / 5M users (50% of existing users) = $8600 cost of capital per connection.

Lets say 10% cost of capital (interest on loan + repayment of principal) is $860/annum
+ maintainance of the NBN + ISP fees. at say 2.5% and $30 respectively means about $120/month.

Hmmmm... what is the take-up going to be when it is already competing against 5-20mbit ADSL???

This is another Labor government pork debt binge.