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Australia's Prime Minister Announces New Mulit-Billion Dollar Broadband Plan

In an age in which governments are taking over banks and propping up auto companies, it might come as no surprise that the Australian government decided the private sector wasn't up to the task of building a national broadband network.

In a surprise move Tuesday, Canberra tossed out a competitive bidding process and said it will set up a government-controlled company that will bring the country out of the dial-up era [Official Media Release]. It will be the largest infrastructure project in Australian history…

Read full story: Forbes

Updates:  UPDATED Apr 07, 2009 3:15 PM PDT
Australia Moves to Build High-Speed Network New York Times, Apr.7.2009
Kevin Rudd's $43bn fast web gamble as Government warns Telstra to co-operate or face break-up The Australian, Apr.7.2009

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Related topics: Broadband, Telecom

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