MEDIA RELEASE - BEYOND THE SPIN – NBN FINANCIAL YEAR RESULTS HIGHLIGHT TURNBULL’S FAILURES - 15 AUGUST 2017

It’s August 2017, and Malcolm Turnbull is still 6 million premises short of his 2013 election promise, and 2 million HFC premises short of his NBN Strategic Review rollout target.

Revenue per user has flat-lined and consumer sentiment is trending down.

Beyond this, the full year results released today highlight a more fundamental flaw with the multi-technology-mix.

Senior NBN executives have been rushing the deployment of Fibre to the Node (FTTN) to reduce visibility of the ongoing HFC debacle.

There are around 1.5 million more FTTN premises passed today than forecast in the 2013 Strategic Review.

Yet at the same time, the NBNCo engineering core are trying to orchestrate a full-scale retreat from FTTN because they know the technology imposed upon them is a dud.

The tragedy here is that in seeking cover for his HFC miscalculation, Malcolm Turnbull is locking Australians into copper because that is the only way to meet the revised NBN rollout targets.

Time is the enemy of the flawed multi-technology mix – not its friend.  

This lack of coherence sums up everything about this Prime Minister and the impact his poor judgement has had on the nation.