Australian Broadband Network gets $23 million cash injection

Australian Broadband Network gets $23 million cash injection

Federal Government further invests in the broadband initiative

The Federal Government has committed another $23.8 million to the Australian Broadband Guarantee to deliver services while the NBN is on its way.

This move is part of a four-year initiative to connect residential and small business premises with metro-comparable services, regardless of location. The Government previously allocated $250.8 million to the Guarantee, which runs till 2012.

In a statement, broadband minister, Senator Stephen Conroy, said it was important to invest more money into the program, which gives access to broadband services while the $43 billion National Broadband Network (NBN) is in the works.

“Such strong demand for the Australian Broadband Guarantee is further evidence of a growing demand for better broadband services across the country and the need for better services in regional Australia,” he said in a statement. “The Australian Broadband Guarantee remains a very popular and successful safety-net program while the NBN is rolled out.

"The NBN will ultimately provide high-speed, high-quality services to 100 per cent of Australian homes and workplaces, but it is important that people have access to basic services in the interim.”

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Tags broadbandfederal government


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