The Liberals’ second-rate NBN is on life support, with the $2 billion NBN cost blowout nothing short of a disaster.
The Liberals’ $51 billion multi-technology mess is now $22 billion over budget and four years behind schedule compared to what they promised to deliver.
Among the key failures revealed in the 2019 NBN Corporate Plan:
- $2.1 billion cost blowout for the NBN;
- Rollout delays to 1.3 million homes over the next twelve months;
- $700 million in lost revenue as a result of the HFC rollout halt;
- $500 million increase in the cost to deploy HFC; and
- The copper footprint will expand by a further 100,000 premises.
The Liberals’ NBN failures have significant consequences, including consumers paying more for less, less NBN revenue to fund future upgrades, and pressure on NBNCo to increase prices in unfair ways.
The unfair price hikes were on full display when NBNCo attempted to charge regional fixed-wireless users $20 more per month than city users on the same speed.
This is nothing short of a shambles and it is clear the NBN cannot afford another three years of this incompetent and divided Government.