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OCAU News |
This morning Prime Minister Kevin Rudd has announced that the Federal Government has terminated the National Broadband Network tender process after failing to find any of the NBN bids satisfactory.
Citing "deterioration of the economy" and flanked by Communications Minister Stephen Conroy and Treasurer Wayne Swan, Prime Minister Kevin Rudd said at a Canberra press conference this morning that the government had not found any of the NBN bids by players like Acacia, Optus, Axia Netmedia satisfactory.
Instead of accepting an NBN bid, Rudd said, the Federal Government would establish a company in partnership with the private sector to roll out its own network, based on fibre-to-the-home (FTTH) technology, that would reach 90 per cent of Australians with speeds of up to 100Mbps. "This is the single largest nation-building infrastructure project in Australia's history," Rudd said, comparing the project to the Snowy Mountains Hydro scheme and the building of the Sydney Harbour Bridge. The remaining 10 per cent of Australians would be served by a combination of ADSL broadband, wireless and satellite.
More coverage:
NBN plan scrapped; govt seeks new partners
Government to build national broadband network
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