Ann: Results of Meeting, page-14

They are Vodafone in Australia. I think they were a target of TPG at one point but Vodafone and Hutchison decided to invest rather than get out. Its been a large hole since then yet they have upgraded the network and coverage. TPG still uses the Vodafone network but has purchased bandwidth so that it intends to build its own 5G network but that is probably a couple of years away.

The problem is that it was probably best that they merged but it could not be done. TPG highly profitable but needs 5G as that will for a lot of people become their broadband plan. Vodafone was and still is loss-making but needs broadband plans.

TPG now building its own mobile network and Vodafone launched its NBN broadband plans. So they are as the weakest players in the market just making more competition.

Thye big issue is that we didn't protect our isps when the NBN arrived so anyone can become a retailer. An example is My Republic which came here after having its operations in Asia especially Singapore.

Really another badly constructed government initiative that has cost heaps more and delivered heaps less than they said. Both major parties didn't really help. It would have been better to incentivise the market to provide solutions rather than buy out the copper and fibre to the node won't run at the speeds of 5G. So, in my opinion, NBN will probably never make money unless they force all users to pay a tariff so that it makes it pay and we all lose...