New low in stopping high-speed broadband
Telstra's competitor's T4, Optus, Terria and the Competitive Carriers' Coalition have sunk to new lows in their bid to stop Australia getting a high-speed broadband network. The group released a bogus report that even the authors admit that the figures shown "may not be precise" and that the errors in the calculations may be significant.
Group Managing Director for Telstra Wholesale, Kate McKenzie said:
"This is a completely bogus report that has been bought and paid for by a bunch of competitors who want one thing only - to stop the building of Australia's national broadband network and keep their current cosy arrangements.
"The report has no basis in fact. It is a dishonest distortion that is designed to do nothing but delay the process."
The report itself says: "estimates presented in this report may not be precise" and that the "estimation error in the WACC calculations presented in this report may be significant."
"Telstra is interested in getting on the business of designing a 21st century broadband network for Australia rather than spending money on fanciful reports and media stunts. For three years Telstra has tried to build a high-speed broadband network for Australia, for three years these people have tried to stop us.
"How can these guys know what our prices will be when we are still doing the calculations? Why don't they come clean on their own prices
"This project is too important to be bogged down by these sorts of stunts and distractions. Do they think Australia's broadband future is a joke?
"We take it very seriously indeed and we are getting on with the job of designing a network.
"These guys lodged an FTTN plan with the ACCC over a year ago after 14 months of planning. That means they have had 26 months to get this right. Let's get the show on the road and see who has the best plan for Australia's future."