CASH ON COM­MER­CIAL TERMS

TechLife Australia - - HOTSPOT - [ SS ]

AU GOVT TO LOAN NBN CO $20B TO FIN­ISH ROLL­OUT The Fed­eral Gov­ern­ment has res­cued NBN Co by an­nounc­ing it will loan the net­work builder $19.5 bil­lion to com­plete the roll­out of the Na­tional Broad­band Net­work. It was revealed that the com­pany would run out of funds in 2017, and this money would help it “fully fo­cus” on the rest of the task. NBN Co had hoped to raise the money from the pri­vate sec­tor, but the loan has been of­fered on “com­mer­cial terms”.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.