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NBN aims to match Elon Musk’s Starlink but may have to write off $620m

Key Points

  • Why it matters: NBN Co has sunk some $600 million into a regional satellites
  • Elon Musk’s Starlink service could supersede that investment with faster speeds
  • NBN is considering how it will enter the same space with smaller satellites

NBN Co is exploring how to offer its version of Elon Musk’s Starlink telecommunications system, suggesting the $620 million it has spent on a regional satellite service known as Sky Muster could soon be redundant.

While discussions are at a preliminary stage, and it is unclear if the operator of the broadband network will have to write off its existing investment, NBN Co in December said it would not recover at least $31 billion in costs relating to the building and maintenance of its operations.

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Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com

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    Original URL: https://www.afr.com/companies/telecommunications/nbn-aims-to-match-elon-musk-s-starlink-but-may-have-to-write-off-620m-20230704-p5dlon