NBN Co has published 2022 financial results showing a surge in cash flow and EBITDA. But its closely watched revenue per user is going nowhere, and that presents an opportunity for CEO Stephen Rue.
Answering to a new master who isn’t obsessed with privatisation gives NBN Co chief executive Stephen Rue the perfect opportunity to reset the wholesale broadband provider’s strategy.
Rue should take the opportunity presented by Michelle Rowland’s appointment as Communications Minister to slash wholesale broadband prices significantly, thereby encouraging Australians to move up the broadband speed curve.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
