AAP General News (Australia)
04-07-2009
FED: Broadband plan not original, Nationals = 5
The Australian Chamber of Commerce and Industry (ACCI) said the network's construction
would provide a substantial stimulus for the nation as it contends with the economic slowdown.
It said it was encouraged that the private sector would be heavily involved in the
project, and that the government's majority interest would be sold within five years of
the network being fully operational.
"Government shouldn't be in the business of running telcos on any long-term basis,"
ACCI director for industry policy and economics Greg Evans told reporters in Canberra.
Faster broadband was an important part of the modern economy, and business was frustrated
by current download speeds.
"There is no doubt about it, there are important economic spin-off benefits to business
in terms of faster broadband," Mr Evans said.
MORE cb/rl/tnf
KEYWORD: BROADBAND REAX 5 CANBERRA
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