Coalition NBN plan to bring in money faster: iiNet, AAPT

Coalition NBN plan to bring in money faster: iiNet, AAPT

Summary: While the Coalition's cheaper National Broadband Network (NBN) will deliver slower broadband speeds to Australians, it will deliver revenue faster to the two ISPs.

TOPICS: NBN, Telcos, Australia

Both iiNet and AAPT have acknowledged that the Coalition's National Broadband Network (NBN) plan would help them reap financial rewards much sooner compared with Labor's AU$37.4 billion fibre-to-the-premises NBN, the Australian Financial Review (AFR) has reported.

The Coalition's NBN plan would connect fibre to street cabinets and would deliver slower broadband speeds. But it does make rollout time faster and, at AU$20.4 billion, it costs much less than Labor's network.

"[In iiNet] the technology lovers love the Labor version, but the accountants like myself ... like the idea of the faster rollout and hopefully a lower cost because that's how we can differentiate," iiNet chief financial officer David Buckingham told the AFR. "So as a CFO, I'm looking forward to the lower cost base and the faster rollout."

He said both parties' NBN plans will be beneficial to Australia. iiNet CEO Michael Malone has already indicated that the company will work with the Coalition should the party come into power after the upcoming federal election.

AAPT CEO David Yuile said that the Coalition's NBN would bring in revenue faster if it was in place today.

Topics: NBN, Telcos, Australia

Spandas Lui

About Spandas Lui

Spandas forayed into tech journalism in 2009 as a fresh university graduate spurring her passion for all things tech. Based in Australia, Spandas covers enterprise and business IT.

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  • With such short sighted behaviour.....

    Then I will be praying, begging, wishing and making a song and dance to peoples sensibilities to vote for Labor this coming election. When you view a problem solely by its monetary value you compromise the very best it can be and pass on the problems to the next generation. It was the coalition that was blind sided by money to put us into this mess in the first place. The NBN plan was needed to bring a level playing field to all and not just to a few filthy rich that could afford our monopolised telco's prices.
    • Not solely, but a significant factor

      And why Labor is borrowing billions, delivering little of value.

      Eventually you'll be expected (most likely your children) to pay it back with interest.

      A level playing field? You much be joking.
      Richard Flude
      • frankly I'm not obsessed with the surplus at the moment

        money is cheap these days, and borrowing money will be worth it if it stimulates the economy. of course, whether or not what Labor spends on will stimulate anything is a whole other issue.....
      • hmmm

        Labor isn't borrowing money for the nbn - nbn co are.

        With thinking like yours none of our infrastructure would have ever been built - no hospitals, roads, the current can network or anything else as it "doesn't deliver value!"

        The nbn will pay for itself and is badly needed.
  • Richard... Surely Your Paid By The Liberals

    There are countless people who have repeatedly pointed out to you that the NBN is not being funded though tax. Also we will be paying for it through subscriptions which has again been pointed out again and again.

    Can you go back to being the CEO of a traffic counting business and leave technology discussions to others as your determination to continue blatant false & misleading statements is farcical.
    • I just gave u a promotion

      I ment CIO
  • @Spandas Lui - And your costings scome from....

    Taking a couple of sources and blogging them verbatim is pretty sad Spandas, you didn't even check the accuracy of your numbers.

    According the Coalitions own costing's their FttN will cost 29.5 billion not 20.4, this costing also ignores/downplays the costs associated with purchasing or renting access to Telstra's current copper network.

    This article really does drop well short of professional work