[April Fools] Government Plans to Buy Back Telstra, Merging It with NBN

interesting article on itwire

https://www.itwire.com/telecoms-and-nbn/86545-exclusive-scot…

they may roll out fttc in current fttn areas

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Comments

  • +5

    one that iTWire has exclusively learned of

    On April 1st…

    Ah huh

    • +1

      I am actually terrified that it might not be an April joke!

      The government should pull its long nose out of everything.

      • +3

        hey you should move to Libya, they havent had a government since gaddafi died in 2011. they must be doing really well.

        • +2

          You should move to North Korea. There is no country left. It's just a government, swallowed that entire nation! Or move to Libya, everyone is the government. They must be doing really well.

          • +4

            @[Deactivated]: You guys can have Libya and North Korea, I'm staying in Australia.

          • @[Deactivated]: Hey pal, I'm just trying to help you out.

            The whole point of a government is to stick its nose in stuff. So a government that pulls its nose out of everything means a government that does nothing. Which is what Libya is right now.

            Or if you can educate me on which country you think is a good example of a government that has pulled its nose out of everything

            • -1

              @talismansa: You want the government to be your best friend, and you don't want your best friend to put their nose into everything.

              Just like Socrates said, the correct position to be in a rocking ship is the centre, although it does mean you will get rocked from both sides. As in, you shouldn't lean too far left or too far right in politics, as the centre is the correct spot, and produces harmony. However, you will be heavily criticised by both left and right wing parties, to signify even the most positive actions can have very negative consequences.

              • @Kangal: Eh? Socrates was against democracy or the will of the majority.

                • @Typical16-bitEnjoyer: Just had a quick look on Wikipedia.
                  ROFL this is too funny 😂😂.

                • +1

                  @Typical16-bitEnjoyer: Poor Kangal.
                  I agree with what he's saying about the centre though.

                  • -1

                    @Wystri Warrick: Socrates never said that about left wing/right wing politics, that was an example from me.

                    Not sure how his insight for balance or "golden mean" says he was against democracy or will of the majority, since he is right to judge the flaws of democracy? Even Churchill once said democracy is the worst form of government, excluding all the others.

                    There is another quote I want to say, but it's going to go far more off topic.

                    • -1

                      @Kangal:

                      Socrates never said that about left wing/right wing politics, that was an example from me.

                      Rofl, why would you even put Socrates' name in the same sentence as your own quote regarding Centrism. Nothing to do with each other.

                      • -1

                        @Typical16-bitEnjoyer: It was an analogy, don't you know what those are?

                        Socrates preached about the golden mean, and thought all things should be balanced which included politics.

                        So I wasn't off-track afterall.

                        • -1

                          @Kangal: Analogy? There is absolutely nothing linking your own quote and Socrates beliefs.

                          Socrates believed only smart people ie. Philosophers like him, had the brains to rule the people. Feel free to quote otherwise.

  • +3

    If only this wasn't a joke

  • +1

    I also read that Trump is stepping down and handing government to the Democrats, admitting that he is unfit to lead the country and that he cheated with the Russians to win it. So much good news today!

  • +2

    Does it work with PuTTY?

  • A brilliant mix of scary half truths and lunacy.

  • +4

    The joke is our Government at the time did a handshake deal and bought millions upon millions of dollars of assets from Telstra that were worthless and has now blown the NBN total cost to beyond the original Fibre scheme proposed.

    • +4

      You had me at "The joke is our Government".

      The Libs are the reason why we can't have nice things.

      • -4

        Actually a bigger joke is that BillyS wants to build a nationwide network of electric charging stations around Australia so we can all use electric cars, and dump Oil burners. (Europe isnt even attempting this until 2040.

        Tell that to the 500 queued at eg Goulburn waiting on the first car to be charged up.

        Unless BS is planning massive number of connection points at each location, and massive cabling and grid to support the demand. Of course a better way would be to allocate places and times that you must stop at. Eg Odd number plate cars stop at Yass, even numbers stop at Goulburn. Or maybe an express lane for those willing to pay more. Like all ideas the devil will be like with the NBN in the details

        Move over Kev, Bill is going to create a bigger nationwide infastructure network than the NBN and all by 2030!! By the time it like the NBN gets built there will be newer charging stations so the old ones will be obsolete.

        Makes Kevs NBN thought bubble on a napkin downright brilliant in comparison

        • +9

          At least Labor has a vision for the future.
          We need more visionary ideas in this country, not less.

          The Libs MTM mess will ultimately end up costing twice as much Labors NBN plan.
          They should have rolled out fiber at the start.
          Do it once and do it right.

          But no, they had to go with Telstra's dodgy copper, and will ultimately have to re-do it with fiber down the track.

          • @zathras: Yup, fibre is cheaper than copper and it's future proof.
            To upgrade we'd only need to upgrade the exchanges hardware to support higher speeds, the fibre is already down and it's future proof.

          • @zathras: well everyone can have a vision, my son has a vision, every time he goes to the supermarket, problem is that his vision involves my wallet.

            I can give you thousands of visions, but unless there is some reality it can be implemented in the time its just going to be a vision.

            Heres some for you.

            I believe we should all have time to be fully creative, Everyone shoud have paid time, at least 20 hours a week, to devote to coming up with ways to solve complex issues like Climate Change, Medical emergencies, fast train transport, Music, and so on.

            Can we deduct the costs from your superannuation fund? Or maybe we divert all the wasted money on Subs built in SA to giving us NBN in the rest of the country. That way we would at least know when someone invades Darwin rather than find out 50 years later.

            Kev had a great dream (no disputng that), but when it came down to implementation it was flawed. It was supposed be ⅓ completed by the time he lost office. Well it wasnt anywhere near that, and it was already well over budget. Yep the Lbs cut back on it. Their vision was to try and keep the budget in the black. Now was that the right thing. I know you dont think so. But dont lay all the blame on them. Kev promised the world in a time that was impossible to achieve.

            They didnt have the qualified personal to install it in the time frame promised. We got the NBN installed 3 years later than promised, (before Libs even got back), and 2 extra times, we had to have it reinstalled, includeding one complete recabling, because the original contractors stuffed it up

            So under the original mob reinstalls were happening even before the other mob got in. (and it was/is FTTP)

            • +5

              @RockyRaccoon: Cool story.

              We now have a mismash NBN using combination of expensive old Telstra copper and Telstra HFC (which caused a lot of the original delays), Fibre for those who can afford it in High socio-economic electorates and new estates, and the costs have EXCEEDED the original Labor proposal. There was ZERO benefit to the public for Libs to purchase the majority of Telstra's dinosaur aged infrastructure.

              Within 20 years we'll be doing this allll over again to replace the copper and HFC with Fibre.

              • -3

                @Typical16-bitEnjoyer: My point is/was that waiting for full NBN FTTP, would have meant a significcantly slower rollout. Yes its so easy to forget that the first trial sites took 4 years from Kevs election to be rolled out. In my ares we were constantly told its 3 months to go. and this ended up 12 months plus. (and we were originally told it would be completed in 7 years)

                So yes the vision was there and the vision was great but the budget was old (5 years from when Kev started until the libs took over) While I agree that FTTP is a far better technology, it required and wil require much more capital. The original plan was that the NBN would generate income to offset the cost but again being 2-3 years behind schedule meant lost revenue.

                No one wanted to admit that the budget was blown (Lib or Lab)

                BTW you can check dates etc on the NBN site - media releases.

                BTW my "electorate - one of the first isnt a high socio economic area, and most of Tasmania which got the first FTTP isnt high socio economic areas. Its so easy now a few years have passed to forget the facts. Most intro areas were key swinging seats Port Macquarie and Armidale where the independents that supported the Gillard government got theirs first. Not high socio economic areas.

                Also by picking discrete areas helped the NBN debug the systems before hitting the larger cities

                • +4

                  @RockyRaccoon: Yes FTTP is a slower rollout, but better than the half-assed FTTN connection I have.

                  I would happily have waited longer to get a real NBN connection.
                  I don't consider my 20 Mbps FTTN connection a worthwhile upgrade from 10 Mbps ADSL.

                  I will happily admit Labor did not budget anywhere near the amount of money required, but at least FTTP is an upgrade on ADSL that can reliably hit 100 Mbps, and scale up from that easily in the future.

                  I see no future for my FTTN connection, and am considering dumping NBN for a local private wireless provider that can hit at least 50 Mbps.
                  All my neighbours have already done that. I wonder why the NBN revenue isn't matching the projections?

                  The Libs can go to hell the next election. Not that Labor will be able to fix their mess now….

                  • +2

                    @zathras: I think it just comes down to liberal voters wanting a bigger tax return, while the Labor voters wanting to invest in the country's future.

                    I'm sure rockyracoon will argue that lowering the country's debt is for future generations, but really he just doesn't like seeing his "hard earned money" being taxed.

                    And he can't and won't come up with a good solution to having to upgrade copper to fiber in 30 years, because he wants his money in his pocket right NOW!

                • +1

                  @RockyRaccoon: Ah yes, the Libs had the master vision to purchase and use Telstra's antiquated HFC network to speed things up and cut costs.

                  3 years later we have entire suburbs with HFC that are now deemed "too hard" to migrate to the NBN, and will be completely replaced with a combination of FTTP and FTTN using brand new copper. All that HFC will now sit there and rot. Ask those homeowners whether they would have preferred to wait for a full FTTP rollout.

                  "Picking discrete areas" was to boost the numbers so the rollout looked like it progressing faster than it is. They purposely avoided suburbs in metropolitan areas that were deemed "harder".

                  You spin it just like a Lib media advisor. Poorly.

                  • @Typical16-bitEnjoyer: Excuse me, so you have to attack me for bring a different perspective that doesn’t suit your own political views. I was just pointing out that both sides haven’t done the best job here. It’s not just lib it’s also lab who stuffed this up.

                    The real problem it’s not that easy to do. Having a vision doesn’t mean it can be pulled off. There are many issues. As I pointed out above, it took 4 years to even get started, so the vision you bought into wasn’t and isn’t that easy to implement regardless of who was trying to do it.

                    The problem is everyone wants to blame when it wasn’t as easy at the originally budgeted concept was.

          • +1

            @zathras: BuT tHe FuTuRe Is wIrElEsS

            /s

        • nationwide network of electric charging stations

          I see a NECSN after the next federal election which ALP may start, but the LIB may finish it.

  • +7

    This joke was never believable - the Liberal party never buys assets when they are in Government, they only sell them off.

    They should have said the Libs were ceasing the NBN rollout, to arrange the sale of the NBN to a Murdoch/Telstra consortium for a nominal sum.

    • Didn't you read the article?
      They are actually going to buy it back at $10 per share, build fibre to the premises increasing Telstra's current share price by 50%, then sell it off a few years later at $1.65 per share 50% percent of what it is now.
      Makes perfect economic sense….

  • Hah they are just trying to outdo Gough Whitlam, when he bought back the mining resources leading to our great wealth.

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