NBN Prices Are Unsustainable says Telstra’s CEO

NBN Prices Are Unsustainable says Telstra’s CEO

Telstra’s CEO Andrew Penn has argued that the NBN’s business model needs to change or else it will lead to higher prices for customers in the long term.

At the CommsDay Summit in Sydney recently, Penn said that “this is bad for the NBN, bad for the industry but most of all it is bad for customers because it will impact affordability and Australia’s competitiveness”.

So far, telcos have kept NBN prices the same for customers, despite significant increases in the wholesale price. This of course, is not sustainable in the long run. Something has to change and Penn has suggested introducing regulated wholesale service standards for the NBN.

Do you agree?

Read the full article here.

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