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Australia takes stake in first NBN rollout
01 March 2010
The Australian federal government has taken an equity stake of $89m in the first state rollout of its national broadband network
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NBN
Australia
Conroy
Tasmania
National Broadband Network
The Australian government is to take an equity stake in the first project in its National Broadband Network programme, to build a fibre-to-the-home service in Tasmania.
Stephen Conroy, the federal broadband minister, said the government would make an equity injection of A$100 million (US $89 million) into NBN Tasmania, as part of a project to build the network to 90,000 premises in four cities, including Hobart, the capital of the state of Tasmania.
“In total, the first three stages of the NBN will target 100,000 premises in Tasmania, including homes, businesses, schools and hospitals, which will receive high speed broadband,” said Conroy.
The rollout of the NBN in Tasmania is being delivered by the Australian and Tasmanian governments through their publicly owned entities, NBN Tasmania and Aurora Energy. NBN Tasmania chose the sites in conjunction with Aurora Energy.
“The rollout started in regional and outer suburban communities to provide support for those regions that have poor telecommunications infrastructure,” said Conroy.
“Ultimately, 200,000 homes, businesses, schools and hospitals in Tasmania will have access to optic fibre and superfast broadband speeds of up to 100 megabits per second. GTB