NBN cancellation liability rises to AU$2.3 billion | ZDNet

NBN cancellation liability rises to AU$2.3 billion | ZDNet: "The Australian Department of Broadband, Communications and the Digital Economy (DBCDE) has flagged that the cancellation of the contracts surrounding the National Broadband Network (NBN) roll-out would cost taxpayers AU$2.3 billion.

The department's annual report (PDF) revealed that the government's liability for the AU$37.4 billion NBN increased by AU$500 million between March 31, 2012, and June 30, 2012, from AU$1.8 billion to AU$2.3 billion.

The liability covers a range of NBN Co's contracts, including the AU$11 billion deal with Telstra to migrate customers over to the NBN, which accounts for AU$210 million of the liability."

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