NBN Waste
Paul Fletcher MP
Labor has wasted billions on its bloated and rorted school halls and pink batts programs – but there is even greater waste and extravagance in the more than $50 billion being poured into the National Broadband Network (NBN).
Let me highlight just three of the many instances of waste and mismanagement in this program.
Trashing the HFC networks
Currently, both Telstra and Optus have HFC (hybrid fibre coaxial, or cable) networks which are capable of delivering fixed telephony, high speed broadband and also pay TV services. This infrastructure was rolled out in the mid 1990s at a combined cost of about $8 billion.
The speeds available on the HFC (cable) broadband exceed 30Mpbs. Telstra offers a service in parts of Melbourne with speeds up to 100Mbps – comparable with speeds that will be offered by the NBN.
Perversely, under Labor’s NBN, Telstra and Optus will cease offering all cable services, except pay TV, and transfer them to NBN Co. In turn NBN Co is using taxpayers’ money to pay Optus and Telstra for these customers.
As I wrote in my blog of 6 July, Optus quarterly results indicates the company has about 500,000 telephony customers on the HFC network. Optus is being paid $800 million to cease supplying these customers with services, and to transfer them to NBN Co – suggesting that NBN Co is paying Optus around $1600 per customer.
Telstra’s December 2010 financial results reveal that Telstra has around 7.3 million retail services in operation. When you take the $4 billion that Telstra says it will be paid in exchange for disconnecting these services so they can transition to NBN Co, it produces a per customer figure of around $550.
NBN Co has refused to explain why it is paying Optus three times as much per customer as it is paying Telstra. NBN CEO Mike Quigley refused to answer direct questions from me on this point at a recent hearing of the Parliamentary Joint Committee on the NBN.
The waste – in trashing existing high speed networks, built in the last fifteen years – is extraordinary. The refusal of NBN Co to explain its rationale for paying so much is equally troubling.
Insistence on fibre
NBN is using an extremely expensive network design – fibre to the premises to 93 per cent of all premises (over 10 million premises.) There are significantly cheaper network designs, for example using ‘fibre to the node’ which involves building optical fibre to ‘nodes’ serving say 200 premises, and then using the existing copper wires to run the last few hundred metres to each home. This would save many, many billions – and yet could readily deliver speeds of 40 or 50 Mbps. So Australia could receive a very sharp increase in broadband speeds to millions of people – for much, much less than NBN is spending. The savings to the public purse could easily be ten billion dollars or more.
Coughing up $120 million for spectrum
NBN Co recently paid $120 million to acquire radiofrequency spectrum which it needs to deliver wireless services in rural and remote areas. It bought the spectrum from pay television company Austar. The very same company had agreed to sell the very same spectrum to a company called OPEL in 2008 – and it would have been used to build a similar rural wireless broadband network to the one which NBN plans. (This was under a Howard government broadband program which Labor abruptly cancelled for political reasons.) The interesting comparison is this: the price in 2008 was $65 million. In other words, NBN paid almost twice as much as the established market price for this spectrum.
As Malcolm Maiden wrote in The Australian on 17th February 2011, My conclusion? The NBN is huge, so are the cheques the NBN Co is writing, and there’s not enough in the public domain so far to know whether taxpayers are getting value for money.
Six months have flowed under the bridge since Malcolm Maiden’s comment, along with bucket loads of cash, and we – the taxpayers – are being kept in the dark.
Do you have your own story of Labor's waste, inefficiency and mismanagement of taxpayer's money? Hold them to account and tell us on the Tip-Off page.




