Opposition Leader Malcolm Turnbull yesterday slammed the $43 billion National Broadband Network project, saying that if any business person behaved in the way Prime Minister Kevin Rudd had, he'd find himself in hot water with the nation's financial regulator.
Details of the company established to bring the Federal Government's $43 billion broadband vision to life remained unavailable this week, despite government assurances it had been registered.
The Rudd government's so-called Razor Gang has taken the blade to some of the Howard government's pre-election promises for the 2007-08 fiscal year, including AU$30 million sliced from the federal tech budget.
The Australian Labor Party today said it would reform Australia's telecommunications regulatory regime and invest AU$4.7 billion in a new national fibre broadband network if it won the coming federal election.
Australia's future economic prosperity will depend on it embracing the principles of community-driven technologies such as Linux and Second Life, according to IBM CEO Glen Boreham.
There must be something in the water in Canberra. After years of measured inaction, the Coalition is taking long-overdue steps towards universal broadband and working around Telstra's continued domination -- after 10 years of deregulation -- of the country's telecommunications wholesale markets.
When Telstra boss Sol Trujillo took up the microphone at the National Press Club in Canberra at lunchtime on Thursday he knew the next hour would be a bumpy ride.
Federal finance minister Lindsay Tanner says the government will beef up the independence of the Future Fund to remove doubt over its ability to make its own decisions, particularly on Telstra.
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