From the Australian government’s press release:
New National Broadband Network
The Rudd [Australian federal] Government today announced the establishment of a new company to build and operate a new super fast National Broadband Network.
This new super fast National Broadband Network, built in partnership with private sector, will be the single largest nation building infrastructure project in Australian history.
This new National Broadband Network will:
* Connect 90 percent of all Australian homes, schools and workplaces with broadband services with speeds up to 100 megabits per secondâ€”100 times faster than those currently used by many households and businesses
* Connect all other premises in Australia with next generation wireless and satellite technologies that will deliver broadband speeds of 12 megabits per second
* Directly support up to 25,000 local jobs every year, on average, over the 8 year life of the project.
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