The money that has been “wasted” on the NBN can not be recovered, according to communications minister, Malcolm Turnbull.
The Federal Member of Parliament for Wentworth made the observation during a Slimtel event in Sydney, adding that the Government is going to “get the job done” regardless.
“We would have never set up the NBN as a Government-owned business,” he said.
“Many of my friends in the Labor Party would agree with that, though we are where we are and we’re going to complete the job as effectively as we can.”
Turnbull said the focus now is on ensuring everybody in Australia will have access the “very fast broadband,” including people in remote areas.
“The Federal Government is committed to ensuring all Australians have access to broadband as quickly and affordably as possible,” he said.
People in the middle of the outback are expected to have access to a 25 Mbit/s connection, which Turnbull said is more than enough to meet everyday needs.
“Some people may tell you need one Gbit/s or other big numbers, but that is fanciful,” he said.
Instead of focusing on throughput, Turnbull pointed to how compression techniques are continually improving.
“The amount of bandwidth you need to deliver high definition video or even 4K television is getting less every year,” he said.
“So the options available to us over the Internet are only going to get greater and greater.”
A slim arrangement
Turnbull spoke about the value of the Internet during the announcement of Slimtel’s partnership with IPTV company, Fetch TV.
Slimtel has been operating in Australia for a decade, and Turnbull commended the telco for succeeding in the “very competitive telco market.”
“One of the things Slimtel has always understood is being a very forward thinking player in the telco space, and recognising the Internet as the uber-platform of the future,” he said.
“If you cast your mind back not very long ago, the world of teleco, broadcasting, and media was composed of all different sorts of platforms, many of which were licensed and others not.”
Turnbull highlights how everything has now converged onto the Internet.
“The idea that you can have all of the choice that you can have via Fetch TV over the Internet, the idea of that being possible only a few years ago, would have seemed fantastic,” he said.
Patrick Budmar covers consumer and enterprise technology breaking news for IDG Communications. Follow Patrick on Twitter at @patrick_budmar.