Telstra chair John Mullen has savaged the NBN as a massively expensive waste of resources that has entrenched a slow, state-owned monopoly, rather than a competitive high-speed broadband network.Telstra chair John Mullen warns that if the NBN doesn't cut its wholesale prices retailers will go broke and broadband competition will be eroded
Speaking at Telstra's Annual General Meeting, Mr Mullen said the NBN was simply too expensive for many retail service providers who were now looking at other technologies, or facing the prospect of going broke."Clearly losing money is unsustainable for all the 180-odd RSPs out there and is why we have seen some companies already starting to withdraw from reselling the NBN," Mr Mullen told shareholders.
"It certainly wasn't envisaged that NBN Co would negotiate contracts directly with customers and encourage them to seek special deals from certain RSPs," he said. Telstra and other telcos are planning a massive rollout of their latest 5G mobile networks, but analysts say they won't make broadband obsolete.
Over 50 billion dollars wasted and still sucking up money. This whole project was a dog from the start, then they made it worse as it went along. Wireless installations of poor quality, dodgy instal work done in a hurry. Interference problems from poorly RF shielded modems. FAIL!
Shoe - Other Foot - Comes to mind.
They're upset because that used to be their job...
Why is it “unfair” only now? Telstra’s had almost 10 years to read the back of the box. They were happy enough to take the money, for their existing infrastructure, when it was offered.
I'm sure if the Government had succeeded in selling the NBN to Telstra, they wouldn't be complaining now.
Telstra has had almost a decade to adjust it's business model to having a public owned monopoly supply digital carriage. That they haven't, and now bleat about it, demonstrates a series of failed strategic plans and poor execution. So their share price is too high. auspol
Our unfair monopoly is gone, better rip into the new monopoly.
Turnbull’s lead balloon.
The irony is palpable. [laughing in Optus circa 1990-2010]
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Australians would have faster, cheaper internet had NBN not been built: Telstra chairmanTelstra chairman John Mullen has claimed all Australians would be connected to high-speed internet by now if the government had not proceeded with the NBN | JennieDuke JennieDuke 'Telstra chairman' And what's in his best interest to say? You're so stupid. Shamelessly JennieDuke we know that, we'd all have 5g at 1/100th the cost and 100x the speed JennieDuke Only because the version we have of the NBN is a joke. 100% Fibre would have delivered much higher speeds now and in the future as well as support other services like 5g The NBN should be a fireble offense by this govt and its bizarre the “opposition” never prosecuted the case.
Source: smh - 🏆 6. / 80 Read more »
ACCC to examine 'unfair' pricing of most basic NBN plansThe affordability of low-speed NBN connections is under fresh scrutiny, with the competition watchdog worried that consumers on basic and inexpensive ADSL services face a steep price rise when moving to an equivalent NBN plan. It's a complete failure. Thanks LNP Yeah derr!!! Of course that’s the nbn-trap 😆 Yet another failure of the MTM sprouted by LiberalAus that everyone knew would come.
Source: smh - 🏆 6. / 80 Read more »
Australians would have faster, cheaper internet had NBN not been built: Telstra chairmanTelstra chairman John Mullen has claimed all Australians would be connected to high-speed internet by now if the government had not proceeded with the NBN | JennieDuke JennieDuke 'Telstra chairman' And what's in his best interest to say? You're so stupid. Shamelessly JennieDuke we know that, we'd all have 5g at 1/100th the cost and 100x the speed JennieDuke Only because the version we have of the NBN is a joke. 100% Fibre would have delivered much higher speeds now and in the future as well as support other services like 5g The NBN should be a fireble offense by this govt and its bizarre the “opposition” never prosecuted the case.
Source: smh - 🏆 6. / 80 Read more »
ACCC to examine 'unfair' pricing of most basic NBN plansThe affordability of low-speed NBN connections is under fresh scrutiny, with the competition watchdog worried that consumers on basic and inexpensive ADSL services face a steep price rise when moving to an equivalent NBN plan. It's a complete failure. Thanks LNP Yeah derr!!! Of course that’s the nbn-trap 😆 Yet another failure of the MTM sprouted by LiberalAus that everyone knew would come.
Source: smh - 🏆 6. / 80 Read more »
PM's confidential talking points inadvertently sent to journalistsThe messages, meant to be confidential, prepare MPs for a volley of attacks over border protection, foreign policy and religious freedom. Impeach! 🙄 Was this on the list. Security threat gov has been too eager on tourism so we get a surge of illegal plane refugees We got 95,000 asylum seekers by air over the past five years They should ban tourist fr Srilanka&India&Nepal They r el cheapo tourists not worth anything
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Telstra chief Andy Penn faces major test at upcoming AGMTelstra chief executive Andy Penn will face a major test this week as he fronts shareholders a year after an historic strike against the telco's multi-million dollar executive bonuses.
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