The National Broadband Network will never earn a commercial return for taxpayers as pledged by the Rudd Labor government, and a former NBN executive says the $29.5 billion equity value should be cut.
The federal government’s accounting for NBN Co is under scrutiny, after the Department of Infrastructure and Communications estimated its equity value was $10 billion less than the federal budget booked.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@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
