Last week, I took a virtual slide rule to the potential REVENUE earnings of the forthcoming National Broadband Network (NBN), and came up with some rather surprising numbers. I didn’t even need convincing, but the numbers even surprised me and I’ve been working in the industry for 15 years.
Obviously I was unable to factor in costs – (as I doubt NBN Co themselves understand the cost model completely yet, so I have NO hope) – but any company with such potential for revenue earnings – whether they be public or government enterprises – should be able to deliver value against those earnings. The numbers are potentially VERY big, and NBN Co is certainly not run by any old bozos.
These are people who have built and operated large, successful telecommunications companies in the past.
Another NBN “win” is the potential benefits the network will be able to bring to the rest of the economy. Detractors say it is all “hairy fairy”, and replete with “ifs” and “buts”, but the mere existence of the NBN will bring massive flow on effects to the rest of the economy.