UPDATE 1-Australia's broadband network needs over $40 bln - Reuters (VERIZON)

UPDATE 1-Australia's broadband network needs over $40 bln - Reuters
CANBERRA, Dec 20 (Reuters) - Australia will need A$40.9 billion ($40.4 billion) in equity and debt to fund its National Broadband Network and the government will put up A$27.5 billion of that while the NBN will borrow A$13.4 billion from markets, the
Source: www.reuters.com

Australian Broadband Project Will Cost A$35.9 Billion - BusinessWeek
Dec. 20 (Bloomberg) -- Australia’s national broadband network will cost A$35.9 billion ($35.4 billion) and will have 13 million customers by 2021, the project’s operator said today in a report. NBN Co. said it will seek debt funding from 2015, expected
Source: www.businessweek.com