The communications minister has defended the Labor government’s policy to return the NBN closer to its original design despite fresh admissions it will not be able to recover $31 billion invested into the project.
Telstra’s shareholders approved a corporate restructure this week that could radically transform the telco and lead to a potential windfall for its investors.
Australia Post says it has developed a competitive home broadband offer as it looks to tempt budget-conscious households away from their existing providers.
NBN Co is proposing better high-speed internet prices and the removal of a contentious pricing mechanism.
Company CEO Stephen Rue says a viable pricing model is critical to keeping the National Broadband Network “financially resourced”.
A regulatory proposal from NBN Co,which would dramatically increase the cost of internet,has been rejected by the federal government.
A spokesperson declined to elaborate on claims by a senior executive that “unfriendly nations” were sending out spacecraft to listen to what is going on in its fleet of satellites.
The decision is estimated to have affected about 3500 staff who received all or part of their short-term incentive bonus in the 2021 financial year.
The NBN claims competition from Elon Musk’s Starlink and other wireless operators is threatening the viability of its business.
The two telcos will refund $6.5 million to customers after failing to inform them that they were not receiving their promised internet speeds.
As the election nears,the federal government is committing almost half a billion dollars to improve the internet service of Australians in regional and rural areas.