After weeks of debate about the Middle East, the government will try to force the opposition’s hand on the $51 billion internet network.
The National Broadband Network will be kept in public ownership under a new federal law to be put to federal parliament this week, in a surprise move by the federal government to assure 8.5 million customers their service will not be privatised.
The move will heighten a dispute over the future of the NBN and the impact on broadband prices after years of concern that selling the network would reshape competition, especially if Telstra emerged as the leading bidder. But it posted a net loss of $1.4 billion, compared to $1.1 billion the previous year, because of the heavy cost of investing in the network.
“The government has stated that it will retain NBN Co in public ownership for the foreseeable future, expand full-fibre access to more homes and businesses and to ensure the NBN delivers for consumers and facilitates productivity,” she wrote. “Obviously, a totally free-market privatisation is no option and will never happen. Privatisation will always be subject to stringent regulatory oversight. With the right regulation and the right oversight, I prefer privatisation.”
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