ACCC: NBN must be written down to lower prices

In an upcoming speech leaked to The Guardian, ACCC head Rod Sims will reportedly call on the value of the $50 billion National Broadband Network (NBN) to be written-down in order to lower prices:

In a speech Sims will give to the ACCC and Australian Energy Regulator conference in Brisbane on Thursday, he will say that as the NBN nears completion next year the focus should be less on recouping the investment the government has made and more on how best to use the network.

“We must ignore those who worry about the value of assets that are sunk, and focus on how the NBN can best contribute to Australia,” he will say.

There are 718 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.