The $37 billion National Broadband Network could be stopped, its boss conceded yesterday, while saying the project's main aim was not to maximise its profits.
NBN Co chief executive Mike Quigley said it could adapt to any proposal from the Opposition which supported a fibre-to-the-node model for the broadband behemoth. The project under the Gillard Government is delivering fibre-to-the-home.
Last week, NBN Co revealed the NBN was about six months behind schedule to be fully in place by 2021, while capital spending has been revised up by $1.4 billion.
Mr Quigley said he was happy with how the rollout of the NBN was going.
But with the Opposition a clear leader in the opinion polls, there are doubts over how the massive project will proceed.
Mr Quigley said the company had gone out of its way to ensure nothing was locked in for future governments.The company's rate of return increased slightly to 7.1 per cent. But Mr Quigley said the NBN's focus was on driving down wholesale broadband costs rather than trying to deliver a major return.
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