Australian (ASX) Stock Market Forum

NBN Rollout Scrapped

Are they Hacketts words??? or the Jorno's ???(your bolds) and if they're the jorno's? how are they quantified....
And when your ready you can address the crux of your original point of crtique of Hackett i.e. flawed plans of the LNP's(srivelded) nbn
You're the one who tried to claim that point carried extra weight because it was in the Murdoch press.

As can be seen from the date, it's old news.

It was also covered in this thread in September last year and at that time, I commented as follows,

https://www.aussiestockforums.com/f...21778&page=190&p=883596&viewfull=1#post883596

A useful starting point if you wish to critique homework is to start with your own.

Google "simon hackett nbn".

See above.
 
Bloody hell!

I searching for the above from last year, I've let the f'n fire go out.

Not to worry, auxiliary kindling at hand.
 
Alternatively, he might be interested in his battery business.

A life boat he bought in readiness. Twitter is your friend when one wants to get the vibe when the lips are moving. He's a very astute man who works by the number 1 rule of business = never justify.
 
NBN Co chairman Ziggy Switkowsk and leaks,

A year ago, the board of NBN set the commercial objectives for which the CEO and his executive team would be held accountable in the 2015-16 operating year.

We are now just a few weeks away from year end and so can point with some confidence to how the scorecard will look.

The targets for network rollout, in terms of homes ready for service, will be met or exceeded.

The number of paying customers will be at or better than plan.

Revenues will exceed plan. The assessments of our retail service providers and end users are positive and the various technology platforms are operating to specification.

The company will meet its targets for the ninth quarter in a row.

We will end the financial year with good momentum, connecting homes at record pace, on the way to completing the rollout in 2020 at a peak cash cost of about $49 billion.

None of this is new news. The enterprise updates its rollout footprint every week and informs the market of its commercial progress quarterly as required by its shareholder, the government.

It is also subject to vigorous public interrogation by parliamentary committees on a regular basis – its executives appearing before Senate committees for more than 27 hours in 2015 alone.

NBN is a company subject to the Corporations Act, the PGPA Act, and the NBN Co Act and is responsible for the creation and security of critical national infrastructure. Management is accountable to a board that takes its responsibilities very seriously. So misinformation about NBN and accusations of underperformance are inexcusable and galling.

When dozens of confidential company documents are stolen, this is theft. When they are the basis of media headlines and partisan attacks, they wrongly tarnish our reputation, demoralise our workforce, distract the executive, and raise doubts where there is little basis for concern. The process is a form of political rumourtrage – the circulation of misinformation to diminish an enterprise for political gain.

Were we a listed company, such activity would be illegal and the penalties harsh.

But, some say, we are a government business enterprise accountable to all Australians and this is true. That's why publications of our progress and the corporate plan reveal more information than most listed companies including forward estimates. Extensive reports are provided to shareholder departments monthly with regular detailed feedback.

While NBN has much commercially sensitive and national-interest material in its possession that must be kept confidential, the organisation accepts a very high level of commentary, and diverse and often expert opinion about our strategy and operations. But information taken out of context for political gain is not in the interest of the public and is corrosive to our culture.

Furthermore, the GBE implements government policy and all employees should be working to that end. No employee may decide that they would point and run the enterprise differently and then set about undermining the organisation by leaking various documents in part or whole.

One rationalisation has appeared that this theft is the action of whistleblowers. No, it is not. NBN has a well-established process for responding to information from whistleblowers with a notification process managed by an independent third party. None of the matters in the stolen documents have been raised through this channel. And whistleblowing usually emerges from concerns about the legality or morality of actions within a company, or unconscionable behaviour inconsistent with company values.

If an employee has strong personal conviction unsupportive of a company's strategy, they can argue their case with management or resign. They cannot give voice to their preferred ideology by passing on stolen documents.

Contrary to media commentary, the documents did nothing to highlight poor management of the business. There are no "cost blowouts" or "rollout delays" to the publicly released plans – all one has to do is compare the data that is readily available. The documents show progress updates, options to ensure targets are met and ways to solve problems which are all normal parts of doing good business. It's simply wrong to diminish NBN's performance, because such accusations are not supported in fact.

While the company was duty bound under the law to refer the issue to the authorities, more importantly it was the right thing to do. The fact was that confidential and commercially sensitive information was unlawfully leaving the company, and that this was ongoing over many months.

The national broadband network has always been charged with passion and debate, but two things remain constant – we all know we need better broadband and we all believe access to connectivity should be extended to every Australian.

We make no apologies for acting in the best interests of the company, its shareholders, and ultimately the Australian taxpayers.

http://www.theage.com.au/comment/nb...ocument-theft-to-the-afp-20160527-gp5g2g.html
 

I guess if the highly flexible bar is set low enough, KPIs and Milestones are easily achieved. Be interesting to find out what they are afraid of, with Conroy on their ginger.

The management of a greenfield site in my area fronted up to a meeting the other day and when asked about NBN, they assured us it was a lock in, but unable to say what year that might be....no one was surprised.
 
The following in a election flyer from the local Labor candidate offers a hint on Labor's upcoming NBN rollout policy,

That's why I support a plan for Jobs in WA, protecting your penalty rates and a fibre-to-the-premise nbn to foster innovation.
 
The above is from Bill Leadbetter, the Labor candidate for the federal seat of Hasluck.

That statement is pretty clear and I say it's blown Labor's cover on their upcoming NBN rollout policy which I would now anticipate being released very soon.
 
The above is from Bill Leadbetter, the Labor candidate for the federal seat of Hasluck.

That statement is pretty clear and I say it's blown Labor's cover on their upcoming NBN rollout policy which I would now anticipate being released very soon.

I wouldn't count on that being very strong evidence. I don't think the backbenchers would be too filled in on unreleased policy details. They might back FTTP, but I'd suggest it would be more along the lines of "FTTP or FTTdp, if the trials prove successful".
 
I wouldn't count on that being very strong evidence. I don't think the backbenchers would be too filled in on unreleased policy details. They might back FTTP, but I'd suggest it would be more along the lines of "FTTP or FTTdp, if the trials prove successful".
He's not a backbencher but rather a candidate for a currently held Liberal seat that will be hotly contested.

There's a picture of Bill Shorten and him standing together at the top of the flyer.
 
Whoopie......Been advised today.....my optic fibre hook up to inside the premises will take place June 20.
 
Whoopie......Been advised today.....my optic fibre hook up to inside the premises will take place June 20.

...just in time to bribe you for a vote for the Lib/Nat Reactionaries :D
What a waste! You'd give them your vote anyway, wouldn't you. :confused:
 
...just in time to bribe you for a vote for the Lib/Nat Reactionaries :D
What a waste! You'd give them your vote anyway, wouldn't you. :confused:

So you should be confused the way it was designed by a couple idiots.

Mate...the bloody line went past the door 6 months ago......the box on the outside of the wall was installed 3 months ago.......If Labor had still been in power I would probably have been waiting another 3 years because they were so far behind schedule ........NBN was a brain fart between Conroy and Rudd in mid air designed on paper serviette with no business plan......It took an adult business man with economic experience to sort out the mess and legacy Labor left behind.

Conroy and Rudd had no idea what it would cost or how long it would take....
 
So you should be confused the way it was designed by a couple idiots.

Mate...the bloody line went past the door 6 months ago......the box on the outside of the wall was installed 3 months ago.......If Labor had still been in power I would probably have been waiting another 3 years because they were so far behind schedule ........NBN was a brain fart between Conroy and Rudd in mid air designed on paper serviette with no business plan......It took an adult business man with economic experience to sort out the mess and legacy Labor left behind.

Conroy and Rudd had no idea what it would cost or how long it would take....

That adult businessman who said Labor's NBN would cost $96 billion ?

The Coalitions NBN is a mess, but don't take my word for it, read this.

http://www.theaustralian.com.au/bus...t/news-story/74dadb937448c9efefecde5e7d6f56b2

A key reason why FTTP connection costs should decrease is the use of new technologies including the move from multi-port to mini-port devices that are used to connect fibre running past premises to the drop lines that go into premises. Another step that should be taken is the adoption of aerial fibre distribution, micro trenching and sheathed fibre and other approaches that have been shown to reduce the cost of distribution and drop fibre rollout in locations where existing infrastructure is old and degraded. The option of self-installation of drop lines should be explored too.

In his recent speech, Tucker went on to argue that Australia should have continued the global trend to rollout FTTP rather than FTTN which has no more than a five year life-time so many Australians will be provided with an obsolete technology by 2020.
 
Great that the 'adults' are doing such a great job rolling out their obsolete NBN. Putting powered nodes on riverbanks, blocking footpaths and even putting them right outside telephone exchanges. I wonder if I'll be lucky enough to have two of them on my footpath, like a few other residents are now enjoying?

node-2-1.jpg

https://delimiter.com.au/2016/06/09/photos-nbn-co-builds-node-flooded-riverbank/

5.jpg
https://delimiter.com.au/2016/06/09/photos-nodes-behaving-badly-fttn-placement-goes-wrong/
 
Great that the 'adults' are doing such a great job rolling out their obsolete NBN. Putting powered nodes on riverbanks, blocking footpaths and even putting them right outside telephone exchanges. I wonder if I'll be lucky enough to have two of them on my footpath, like a few other residents are now enjoying?

View attachment 67063

https://delimiter.com.au/2016/06/09/photos-nbn-co-builds-node-flooded-riverbank/

View attachment 67064
https://delimiter.com.au/2016/06/09/photos-nodes-behaving-badly-fttn-placement-goes-wrong/


I agree with what you have said, but is this the result of Libs v ALP rollout, or a bit lower down the food chain and it would have happened either way ???

The election is looming - Libs to lose, ALP to win.
If that happens, will everything change again regarding the NBN? A period of re-thinking, new revised project/technology rollout - wasting money and more importantly, time to actually roll it out??
 
I agree with what you have said, but is this the result of Libs v ALP rollout, or a bit lower down the food chain and it would have happened either way ???

Certainly down the food chain, but wouldn't be happening without the switch to FTTN.

FTTP needs fewer cabinets (about 1/10 as many), they are about 1/4 the size and they are passive (unpowered), so it doesn't matter if they get wet. Also, since they started, they have changed to 'skinny' fibre for FTTP, and that can fit into underground pits, so no need for cabinets at all.
 
Certainly down the food chain, but wouldn't be happening without the switch to FTTN.
While the physical characteristics of a particular locality may be a factor in the choice of technology at some specific locations, that does not necessarily invalidate a specific technology as a whole.

For example, not all potential nodes locations are subject to flood risk.
 
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