TransACT has decided to pull out of Terria, the consortium bidding against Telstra for the government's $4.7 billion national broadband network, shortly after the departure of two other members AAPT and Soul.
Tomorrow marks the due date for proposals to build the government's $4.7 billion national broadband network, and speculation is mounting on how many bids the government will receive, as Telstra continues to vacillate on whether it will be part of the race. ZDNet.com.au has done a call around to see where the bidders stand.
Macquarie has given up aspirations to launch its own bid for the fibre-to-the-node national broadband network (NBN), instead joining Telstra as the company's financial advisor.
Australia's third-largest ISP iiNet said yesterday that the government's $4.7 billion national broadband network was "doomed to be a monumental failure" despite the fact that iiNet itself is a member of Terria, a consortium bidding to build the network.
The global economic crisis has made the Federal Government's National Broadband Network plan an expensive and risky proposition which end users won't have the money to pay for, one analyst said this week.
Is Hackett the Saruman the once-good wizard who is seduced by the dark powers of Sauron of my recent Lord of the Rings scenario? Is something rotten in Renmark and elsewhere?
Rejecting Telstra's proposal, after all, is the only conclusion Conroy can reach: as someone whose entire philosophy is built around transparency and process, he simply cannot keep Telstra as part of the NBN bidding process anymore.
The story of how Telstra lost its network is one of hubris and bungling, of misreading the play in Australia by men from the US who thought they knew everything already. Shareholders should never forget this.
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