Tuesday, November 5, 2013

Asbestos setback may hit NBN profit | Business Spectator

Asbestos setback may hit NBN profit | Business Spectator: "The NBN Co has indicated the potentially widespread impact the discovery of asbestos contamination could have on the National Broadband Network (NBN), suggesting it could hit profits, cause cost blowouts and lead to potential litigation, according to The Australian.

“The presence — or potential presence of asbestos — could significantly increase network build costs as well as lead to potential litigation and related costs,” NBN Co said, according to The Australian.

The admission came in a decision by NBN Co to reject a Freedom of Information request by the newspaper that would have detailed the impact the asbestos contamination issue has had, and could have in the future, on the NBN's rollout."

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