The federal government is unlikely to recoup the $31.9 billion injected into the NBN, even if the NBN Co is eventually privatised in the 2030s, a leading telco analyst says.
The admission that costs would not be fully recoveredTwo former senior Department of Finance officials said Labor and Coalition governments had repeatedly kicked the can down the road on revaluing the NBN.
NBN paid billions of dollars to Telstra for design and planning work, as well as an ongoing $1 billion annual payment to use Telstra’s ducts and trenches to lay the fibre. But it is currently difficult to accurately put a dollar figure on because of the regulatory uncertainty and no auction process to test its market worth.
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