NBN faces another cost blowout: report

The company building the National Broadband Network is facing a ten-fold blowout on the cost of fixing the copper network it bought from Telstra.

According to The Australian newspaper, confidential documents show a $640 million bill to repair or replace parts of the lines to ensure the network will deliver the promised high speeds.

The NBN expects to spend $26,115 per node to fix the copper connections - up from the $2685 assumption in a 2013 strategic review prepared after the Coalition won power.

Source: AAP

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