Telstra attacked for fluctuating NBN estimates
- — 09 October, 2008 15:32
Tell the Truth Telstra (T4) has slammed Telstra for the company's wildly varying estimates of the cost of building the National Broadband Network (NBN).
Telstra CEO Sol Trujillo yesterday told reporters the NBN was likely to cost over $10 billion to build, and could run as high as $15 billion.
Yet in May Telstra's base estimate for building the network was $15 billion, and less than a month later chairman Donald McGauchie estimated the build cost to be $25 billion. T4 at the time criticised Telstra over this "Zimbabwe-like inflation rate".
T4 believes the reduced estimate is a response to prospective rival Terria's assertion to the Senate that the consortium could build the NBN for around $8-10 billion.