Latest in 100mbps

Image credit:

Australia's A$43 billion broadband project: up to 100Mbps in 90% of homes and businesses

Ross Miller
04.07.09
1 Shares
Share
Tweet
Share
Save

Sponsored Links

In what he's calling "the single biggest infrastructure decision" in the country's history," Australia Prime Minister Kevin Rudd's announced an A$43 billion (US $30.6 billion) project to create a nationwide high speed broadband network. The goal's to get 90 percent of homes and business up to 100Mbps speeds with fiber optic connection, with a less impressive 12Mbps wireless / satellite for the rest. Up to 49 percent of the funds will be from the private sector; the government will initially invest A$4.7b, while A$20b will come from a national infrastructure fund and the sale of bonds. The venture's expected to take seven to eight years, and Rudd said the government intends to sell off its stake after five years. Sure, it's not 1Gbps by 2012, but hey, they might end up beating us at the "nationwide broadband" game.

[Thanks to everyone who sent this in]

Read - Sydney Morning Herald
Read - Reuters

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
1 Shares
Share
Tweet
Share
Save

Popular on Engadget

Google's experimental apps shame you into taming phone addiction

Google's experimental apps shame you into taming phone addiction

View
Sci-fi series 'Altered Carbon' returns to Netflix on February 27th

Sci-fi series 'Altered Carbon' returns to Netflix on February 27th

View
Court overturns patent ruling that would've cost Nintendo $10 million

Court overturns patent ruling that would've cost Nintendo $10 million

View
Amazon offers Black Friday pricing on most Fire tablets

Amazon offers Black Friday pricing on most Fire tablets

View
Studio Ghibli has embraced streaming, and the world is better for it

Studio Ghibli has embraced streaming, and the world is better for it

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr