In what can only be described as shocking, the whole NBN process has been scrapped in favor of a government-built National Broadband Network.
– The NBN will provide FFTH for 90% of Australians.
– Create 37,000 jobs.
– Provide speeds of up to 100Mbps .
– Government will spend $43 billion over 8 years.
Update
The NBN will begin construction in Tasmania, mid year and take around 8 years to complete.
As always, all the latest information is on the twitters – http://search.twitter.com/search?q=NBN
Stephen Conroy’s official press release about the announcement.
