The union representing workers at the NBN Co has levelled strong criticism at the company over the fact that chief executive Stephen Rue has given himself a $1.2 million bonus while overseeing a cost blowout of $6.7 billion and not taken 300,000 premises into account in the rollout plan.
Telstra's success or failure with its new move to split up into three units will depend on how much freedom the parent group gives them to operate, based on what makes financial and economic sense, the well-known independent telecommunications analyst Paul Budde says.
The NBN Co has indulged in various kinds of spin over the years to project itself as an organisation that is doing a brilliant job at rolling out a broadband network in Australia and thus its latest stunt, to keep some of its accounts hidden and reveal them only at the half-year and full-year results stages, should not come as a surprise to anyone.
Nathan's hairline is potentially exposed. Howe'zat?
How interesting, someone finally got the message through to the top, that it was a very very bad idea to[…]
Out with the old, in with the newPerfect
Nice to see the open admission that NBN is intent on continuing to overcharge as part of its continuing incompetence.
An update has just been published: https://itwire.com/telecoms...