Telstra chief calls for $20 NBN price cut

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By Leith van Onselen

Telstra’s CEO Andy Penn has demanded a “more than $20” a month price cut to NBNs Co’s wholesale charges, claiming reseller charges are “rapidly falling to zero” and that the current pricing structure is unsustainable. From ITNews:

“The price we charge our competitors for access to our network, when they provide broadband services to their customers, is set by the ACCC. On an equivalent basis to the NBN, this is currently in the order of $20 per month per customer,” Penn said.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.