Australian (ASX) Stock Market Forum

NBN Rollout Scrapped

I'm not socialist, but this privatisation of infrastructure nonsense has been nothing other than one big con thus far. :2twocents

Totally agree. I haven't being paying taxes for long but i thought my taxes were supposed to go towards infrastructure and utilities. Health, education, roads, public transport, power, water all the basic things that are required to run a country/town/economy and keep its populace in a basic standard of living.

In fact, i would happily pay more tax if we could nominate where it went. At least 50% of our tax we should be able to nominate where the funds go. As if that's going to happen :rolleyes:
 
This NBN is an even bigger waste of money than I thought.

From the SMH, usually friendly to the Federal ALP Government.

Federal Opposition Leader Tony Abbott has again slammed the government's $36 billion national broadband network (NBN) project as a waste of money after it was revealed only 4000 households had been connected to the network so far.
Of those 4000 just 2315 premises have begun using the NBN's fibre optic cables for communications.
The connection figures, released this week by the government-owned company set up to deliver the network, are well down on NBN Co's earlier projection of 35,000 connections in 2011.

That projection also contrasts with its roll-out numbers, with 18,200 homes and businesses lying along the fibre optic cable infrastructure laid down so far at a cost of $1 billion.
"The billion dollars that they have spent so far on the rollout works out at $250,000 per connection," Mr Abbott told Fairfax Radio today.
"So by any means this is a monumental rip-off."



Read more: http://www.smh.com.au/it-pro/govern...ed-by-31000-20120103-1pj8b.html#ixzz1iO7224vV

If I could have laid four connections I'd be a millionaire.

gg
 
I have been critical of the N.B.N for several reasons.
However I do believe a constantly improving telecommunication network is essential. The scope and magnitude of what the government has bitten off is frightening.
I doubt that it won't end in tears
 
If you want a laugh, head over to Whirlpool.net.au - go to the NBN forum.

The NBN/Labor fanboi attitude is hilarious. It's like a left camp over there. The tech-heads are so devoted to the NBN. l'm guessing because they sit around on the net all day downloading pr0n and playing games. One wrong comment, and you get torn to shreds by the "NBN fanboi army".


Direct quote -
You mean the currently best economy in the world, run by the highest rated finance minister in the world?
 
If you want a laugh, head over to Whirlpool.net.au - go to the NBN forum.

The NBN/Labor fanboi attitude is hilarious. It's like a left camp over there. The tech-heads are so devoted to the NBN. l'm guessing because they sit around on the net all day downloading pr0n and playing games. One wrong comment, and you get torn to shreds by the "NBN fanboi army".


Direct quote -

LOL danny...so anyone supporting the NBN is a Govt fanboi. :rolleyes: the tech heads are a lot like the tree hugging green lobby in that they have been waiting the best part of 2 decades for something positive to happen.

What should be abundantly clear to all is that conservative Govt's are hopeless at getting anything done, the Howard Decade was a lost decade for the greens and the tech heads, a decade of total neglect has resulted in the Labor Govt having to play catch up with the rest of the world and as a result we have had to over spend to compensate for the Liberals zero spend.

The tech heads are not necessarily Labor fanbois..they are however NBN fanbois because its a technical revolution that's long over due...thanks totally to the Liberals/Nationals wanting to do absolutely nothing, the NBN is political because the Liberals made it so... chronic under investment has its inevitable consequences.
 
The tech heads are not necessarily Labor fanbois..they are however NBN fanbois because its a technical revolution that's long over due...thanks totally to the Liberals/Nationals wanting to do absolutely nothing, the NBN is political because the Liberals made it so... chronic under investment has its inevitable consequences.

Excellent post, agree 100%. Our "new suburb" was built 12 years ago and for some reason the Governments of the day did not make the developers put in any form of broadband. Now we have an overloaded exchange with no ADSL ports available for the 1,000's of dwellings. We are on a pair gain cable and simply can not get ADSL in any form. All we have is wireless, a bit expensive and when it rains the service goes down. The previous government did nothing about this, thankfully the NBN is coming to the Central Coast soon. I applaud the Government for building the NBN, it's about time we joined the 1st. world and got reliable broadband.
 
This NBN is an even bigger waste of money than I thought.

From the SMH, usually friendly to the Federal ALP Government.
Federal Opposition Leader Tony Abbott has again slammed the government's $36 billion national broadband network (NBN) project as a waste of money after it was revealed only 4000 households had been connected to the network so far.
Of those 4000 just 2315 premises have begun using the NBN's fibre optic cables for communications.
The connection figures, released this week by the government-owned company set up to deliver the network, are well down on NBN Co's earlier projection of 35,000 connections in 2011.

That projection also contrasts with its roll-out numbers, with 18,200 homes and businesses lying along the fibre optic cable infrastructure laid down so far at a cost of $1 billion.
"The billion dollars that they have spent so far on the rollout works out at $250,000 per connection," Mr Abbott told Fairfax Radio today.
"So by any means this is a monumental rip-off."



If I could have laid four connections I'd be a millionaire.

gg

Surely, no-one could really be so breathtakingly stupid as to take the cost of a project in startup phase, and use that cost extrapolate the cost across the whole thing?

No, GG. I don't think either you or the Mad Monk are that silly. But it's no better to create disingenuous arguments based on such a ridiculous premise.

What if you did the same thing to a gold mine? How much would it have cost from inception through to extracting the first ounce of gold? Would you then declare the mine unviable, because that first ounce cost thousands of times its value to get out of the ground?

:banghead::banghead::banghead::banghead::banghead::banghead:

The NBN is no different. Before a single customer can be connected, they must employ a management team, network designers, construction crews. They must purchase infrastructure, equipment, real estate, radio spectrum and sign numerous contracts. They must build a transit network to connect the NBN to the internet, contract or build data centres, create billing and operational support software systems... The list goes on and on. In all likelihood, they probably spent half a billion before just one customer was active, never mind 4,000.

As for the numbers, allow me to present this table from the 2010 NBN Corporate plan, to show just how ridiculous Abbott's claim is:
http://nbnmyths.files.wordpress.com/2012/01/nbnforecast-connections.png

As you can see, the claim about 35,000 connections is BS. Every single one of those connections was supposed to be a Greenfield Build-Operate-Transfer connection. ie, it means it was to be built by the private sector (eg Opticomm), operated by them until the transit network is built, and then eventually transferred to the NBN sometime in the future.

These connections still took place, but not under a BOT agreement because NBN Co cancelled the Greenfield panel, presumably because the greenfield builders tried to charge them more that they were willing to pay. Instead, NBN Co signed Fujitsu in May 2011 to build greenfields for NBN Co directly, instead of under a BOT arrangement.

NBN Co itself wasn't supposed to have a single active customer as at 30/6/11, although they had about 800 at that stage.
 
All the billions invested into the NBN should be reinvested into...


.....


..............


CITY -FAIL

I mean rail
 
Surely, no-one could really be so breathtakingly stupid as to take the cost of a project in startup phase, and use that cost extrapolate the cost across the whole thing?

No, GG. I don't think either you or the Mad Monk are that silly. But it's no better to create disingenuous arguments based on such a ridiculous premise.

What if you did the same thing to a gold mine? How much would it have cost from inception through to extracting the first ounce of gold? Would you then declare the mine unviable, because that first ounce cost thousands of times its value to get out of the ground?

:banghead::banghead::banghead::banghead::banghead::banghead:

The NBN is no different. Before a single customer can be connected, they must employ a management team, network designers, construction crews. They must purchase infrastructure, equipment, real estate, radio spectrum and sign numerous contracts. They must build a transit network to connect the NBN to the internet, contract or build data centres, create billing and operational support software systems... The list goes on and on. In all likelihood, they probably spent half a billion before just one customer was active, never mind 4,000.

As for the numbers, allow me to present this table from the 2010 NBN Corporate plan, to show just how ridiculous Abbott's claim is:
http://nbnmyths.files.wordpress.com/2012/01/nbnforecast-connections.png

As you can see, the claim about 35,000 connections is BS. Every single one of those connections was supposed to be a Greenfield Build-Operate-Transfer connection. ie, it means it was to be built by the private sector (eg Opticomm), operated by them until the transit network is built, and then eventually transferred to the NBN sometime in the future.

These connections still took place, but not under a BOT agreement because NBN Co cancelled the Greenfield panel, presumably because the greenfield builders tried to charge them more that they were willing to pay. Instead, NBN Co signed Fujitsu in May 2011 to build greenfields for NBN Co directly, instead of under a BOT arrangement.

NBN Co itself wasn't supposed to have a single active customer as at 30/6/11, although they had about 800 at that stage.



Who pays you mate to pop up every time some other disaster for NBN appears, oozing like a living putrid liquid, from the tap of public money wasted. ( The disaster that is , not you, I would never accuse you of being an oozing person, putrid or otherwise).

I may not agree with the smell of the project you protect, Sir or Madam, but I protect your right to project a protected projection on a putrid smell from a protected putrid project.

gg
 
Who pays you mate to pop up every time some other disaster for NBN appears, oozing like a living putrid liquid, from the tap of public money wasted. ( The disaster that is , not you, I would never accuse you of being an oozing person, putrid or otherwise).

I may not agree with the smell of the project you protect, Sir or Madam, but I protect your right to project a protected projection on a putrid smell from a protected putrid project.

gg

Now how about answering the guts of NBNMyths post.

Surely, no-one could really be so breathtakingly stupid as to take the cost of a project in startup phase, and use that cost extrapolate the cost across the whole thing?

No, GG. I don't think either you or the Mad Monk are that silly. But it's no better to create disingenuous arguments based on such a ridiculous premise.

What if you did the same thing to a gold mine? How much would it have cost from inception through to extracting the first ounce of gold? Would you then declare the mine unviable, because that first ounce cost thousands of times its value to get out of the ground?

Its a valid argument that really addresses the credibility of your post/s and the credibility of you...a bit of pot stirring is ok, constant (one trick pony) pot stirring becomes annoying very quickly even when done with wit and intelligence. :2twocents
 
Now how about answering the guts of NBNMyths post.



Its a valid argument that really addresses the credibility of your post/s and the credibility of you...a bit of pot stirring is ok, constant (one trick pony) pot stirring becomes annoying very quickly even when done with wit and intelligence. :2twocents

Said the pot to the kettle.

I'm for an NBN as I believe it will drive business in the future, but there are concerns over a range of issues. Just close my eyes and hope for the best.
 
Said the pot to the kettle.

I'm for an NBN as I believe it will drive business in the future, but there are concerns over a range of issues. Just close my eyes and hope for the best.

I'm with you on this, it is like writing an open ended cheque. You know what it will cost today but if the completion date is 8 years time, jeez that's frightening.
It is a bit like owning a 6 unit site and the developer saying trust me it won't cost much.:eek:
If technology changes(and I do know optical is the best there is) there will be no get out clause for the government.
As I have stated on many occassions the best outcome for the government would have been to re bought Telstra, do what needed to be done and refloated the end product.
The way this is being carried out is a hotch potch that will end in tears.
 
I have been critical of the N.B.N for several reasons.
However I do believe a constantly improving telecommunication network is essential. The scope and magnitude of what the government has bitten off is frightening.
I doubt that it won't end in tears

This post is to the point. Reminds me of a Quote::

" A Government big enough to give you everything you want, is strong enough to take everything you have ".
Gerald Ford.

In the case of the NBN it will be just another slug to the taxpayer, until some sanity is restored to the Federal Government!!
joea
 
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