Chanticleer
Minister’s sensible reset of NBN economics
Investment bankers hoping for a multibillion dollar privatisation of NBN Co will be disappointed with Michelle Rowland’s first major move as communications minister.
There is a lot to be learnt from reading between the lines of the latest missives from Communications Minister Michelle Rowland to NBN Co and the Australian Competition and Consumer Commission.
Rowland’s first significant ministerial move seems to be saying at least three things: NBN’s privatisation is dead; NBN needs to ditch its plan to increase wholesale broadband prices; and NBN might need to write off a big chunk of its sunk costs.
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