nbn does not own the tls network,it leases it , again its $1b...

nbn does not own the tls network,it leases it , again its $1b cpi linked. compensation for tls for loss of fixed income,but clearly margin is becoming an issue for re sellers of nbn ie tls to make up the difference between the $1b lease and tls's historical fixed revenue/margins.

Also nbn has made possible the ability for tls to cut employees and sell 2500 non productive exchanges and become more agile,this must also be taken into account  when analyzing the benefits to tls of the nbn agreement.

So some one tell me what value would you put on tls's infrastructure that recieves $1b pa linked to inflation and govt guaranteed for 30 years?

Its included in infraco and imo tls could sell a non controlling interest in the nbn infraco.