Telco Boss: Broadband Prices and Mr Penn

telco boss: The telco boss said the 50 billion government-backed NBN is creating an unnatural distortion in the market, resulting in Australia having the second most expensive wholesale broadband prices in the world, according to Nine News Australia. Wholesale broadband prices have more than doubled under the NBN and are set to go even higher, Mr Penn said in a statement. To improve your experience update it launch fight against NBN amid predicted wholesale price hikes By Matt Dunn Senior Producer10 26am Jul 31, 2019Facebook Tweet Mail The National Broadband Network has one chance to get its unsustainable pricing structure right or service providers will abandon it and point customers toward 5G networks instead, Telstra chief executive Andy Penn has warned. Australia's NBN is among the most expensive in the world. Mr Penn said the NBN could be rendered worthless if wholesale pricing isn't lowered, with retail providers forced to consider 5G as an alternative for customers. AAP The consequence of this is that it is unprofitable for retail service providers to resell NBN at the current retail prices. (news.financializer.com). As reported in the news.