candiman writes "The Australian PM, Kevin Rudd, has just announced that none of the private sector submissions to build a National Broadband Network was up to the standard, so instead the government is going to form a private company to build a fiber to the premises network. The network will connect to 90% of premises delivering 100Mb/s. The remaining 10% will be reached with wireless and satellite delivering up to 12Mb/s. The network cost has been estimated at 43 billion AU dollars over 8 years of construction — and is expected to employ 47,000 people at peak. It will be wholesale only and completely open access. As an Australian who voted for the other guys, all I can say is, wow."