G'day -
-----Original Message----- "Thus far". So what? It's a capital investment. The bonds were issued at an interest rate of 4%, and the NBN is expected to provide a return of 7%, so all those costs will be paid off by 2034. And then it starts making money.
You're making a lot of assumptions about technology, pricing etc. The reality is this: government is spending money now, money it doesn't have; and 20 years ROI in the field where everything is changing every 5 years isn't safe bet.
Your 4G is all very nice until every child and their dog in your neighbourhood start using it for youtube. Then it's useless.
Which is why we need NBN: HD YouTube in every room. No wonder NBN is universally popular - it's the biggest entertainment project in history. Regards Slav "This e-mail and any attachments to it (the "Communication") is, unless otherwise stated, confidential, may contain copyright material and is for the use only of the intended recipient. If you receive the Communication in error, please notify the sender immediately by return e-mail, delete the Communication and the return e-mail, and do not read, copy, retransmit or otherwise deal with it. Any views expressed in the Communication are those of the individual sender only, unless expressly stated to be those of Australia and New Zealand Banking Group Limited ABN 11 005 357 522, or any of its related entities including ANZ Bank New Zealand Limited (together "ANZ"). ANZ does not accept liability in connection with the integrity of or errors in the Communication, computer virus, data corruption, interference or delay arising from or in respect of the Communication."