Labor will spend up to $3 billion on the National Broadband Network to extend fibre internet to the doors of most homes and businesses, bringing to $35 billion the total that taxpayers have pumped into the network.
NBN Co will add another $800 million to the rollout, which is expected to be completed by 2030 and which Communications Minister Michelle Rowland said should “finish the job” of building the NBN, which began in 2010.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.