NBN’s first draft of a new pricing plan under the Labor government would cut the cost of high-speed broadband for business and consumers and phase out unpopular capacity charges for lower speed plans from next year.

Telstra and Optus welcomed the new-look stance from NBN Co, which was made following criticism from the competition watchdog over its previous proposal to lock in price rises of up to 3 per cent above the rate of inflation on some plans.