candiman writes "The Australian PM, Kevin Rudd, has just announced that none of the private sector submissions to build a National Broadband Network were up to the standard so instead the Govt is going to form a private company to build a fibre 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 has been costed at AUD43B over the 8 years of construction — and is expected to employ 37000 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."
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