Australian government retains NBN ownership, potentially lowering long-term consumer prices.

The Australian government will maintain ownership of the National Broadband Network (NBN), a decision supported by industry insiders who believe it may lead to lower long-term prices for consumers. NBN Co recently reported a $1.4 billion net loss, raising concerns about its financial viability. Critics of privatization argue it would not recoup investments, while many consumers prioritize reliable, affordable broadband, as Australia ranks 82nd globally in internet speeds.

October 13, 2024
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