Connect with us

Cars

People calling for NBN write-down actually want dramatic price cut: NBN CEO

Published

on

The company responsible for deploying the National Broadband Network (NBN) across Australia has maintained that there are no impairment issues that would see the company needing to write down the value of the company, and that those calling for such action are just after a wholesale price cut.

“When people say there should be a write-down, I don’t think that is what they are really calling for. Essentially, they are calling for the wholesale price to fall dramatically,” NBN CEO Stephen Rue told the Joint Standing Committee looking into the business case for the NBN on Monday.

“Calls for a large wholesale price cut puts at risk the long-term viability of the company … without that, I truly believe you put at the digital future of the country, and all the benefits that flow.”

Rue said the company wants retailers to be successful, but that the NBN needs to have enough cash to complete the build, and maintain and upgrade the network. The NBN CEO also restated that the network build would be complete in 2020.

In October, NBN chair Ziggy Switkowski ruled out a write-down, saying the ability to properly value the network would not happen until the 2020s.

Read: NBN chair rules out network write-down

“I think considerations and evaluations of NBN will await the business moving into a normal conventional mode, which will happen when we finish the building in 2020, we complete the conversion of all households and businesses in 2021, we turn cashflow positive, we look forward, and then whoever is going to make a judgment will make it then,” Switkowski said at the time.

Australian Treasurer cum Prime Minister Scott Morrison last year also told ZDNet that the government is not looking to write down the NBN.

“We said at the time that that was not a view that we had held as necessary. It’s not our advice, and it’s still no longer the issue, and we continue to maintain I think a very sound commercial footing for the NBN and the assumptions it’s based on,” Morrison said.

“And of course it has to pass muster on those issues when it comes to identifying and defining the nature of the debt and other finance that’s going into the project, so I mean these aren’t arbitrary decisions that are made, they are subjected to standards on the accounts, and they’re meeting those standards and we expect they will continue to.”

An hour before Rue stepped in front of the joint committee, Aussie Broadband managing director Phillip Britt took to Reddit for an Ask Me Anything session.

Britt said the CVC pricing from the NBN is preventing the company from offering unlimited data plans on speeds faster than 100Mbps.

“The CVC pricing construct is the primary limiter here, we’ve only got 2.5Mbps of CVC allocated under the bundled model and someone on an unlimited plan on those higher tiers would have the potential to really cause some damage,” Britt said.

Contrary to those running the NBN, the Aussie Broadband boss believes the only way for NBN prices to come down is via a write-down.

“I believe we will see the price of the 100Mbps tier reduce over time, but it will require a government write-down of NBN for this to occur. They can’t hold onto the AU$51 [average revenue per user] amounts they are trying to achieve because the mobile guys will wipe the floor with them,” Britt said.

Britt warned that services such as 5G fixed-wireless will put pressure on pricing and hit the NBN’s profitability, meaning that the write-down will be required before any cut flows to consumers, which Britt predicted could come with a change of government.

“I don’t believe we will see higher than 100/40Mbps for a ‘reasonable’ say under AU$100 price point anytime soon,” he said.

Also see: Good enough 5G fixed-wireless broadband could change everything

On the business side, the MD said Aussie Broadband is looking to double its customer base to 200,000 in the next 12 months, and has 26 percent of its customers on 100Mbps plans. Britt also flagged that Aussie Broadband would look to introduce a NetComm 4G backup modem in 2019.

Contrary to the narrative on social media, Britt said the NBN are “actually not bad” to work with, and “genuinely” try to help.

“The most frustrating part for us is customers who have unrealistic expectations, and they don’t take what we tell them as being the best we can possibly do,” he said.

Ever since the NBN relaunched its hybrid fibre-coaxial (HFC) network, Britt said Aussie Broadband had seen improved performance, and the network has become much more stable.

As a middle ground between price and speed, Britt said fibre-to-the-curb is the better solution than returning back to full fibre-to-the-premises, and should be added as an option to NBN’s Technology Choices program that allows users to pay for a better connection technology.

“I think the ship has sailed on that one, I think the best we can hope for is more FttC in the network,” he said.


(Image: APH)

Related Coverage

Aussie Broadband kicks off network upgrade

NBN retailer Aussie Broadband is buying international capacity on four subsea cable systems, as well as upgrading its core network with Cisco.

TPG keeps top spot for download speeds in fourth NBN report

TPG delivered the highest percentage of maximum plan download speeds, while Exetel delivered on upload speeds and latency in the ACCC’s final broadband speed monitoring report for 2018.

NBN unveils new chief financial officer

Former Austar CFO Philip Knox has been appointed as NBN’s new chief financial officer after Stephen Rue stepped into the CEO role in September last year.

ACCAN proposes automatic payments to users for missed appointments and repairs

Under proposals from ACCAN, telcos and NBN would need to automatically compensate users for missing repair deadlines and appointments.

NBN gives itself until September to get fixed wireless congestion sorted

By late September 2019, NBN wants less than 1 percent of its fixed wireless towers under its 6Mbps in busy hours threshold.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Cars

Callaway Chevy Silverado SC602 Signature Edition trounces Ram TRX in a drag race

Published

on

American performance vehicle builder Callaway Cars has debuted its newest creation: The Chevy Silverado SC602 Signature Edition, now officially the best sleeper truck on the road. How fast? Hold your breath: This Chevy Silverado has trounced the mighty RAM TRX in a drag race. That’s saying a lot since Ram made it clear the TRX is “the quickest, fastest, and most powerful mass-produced truck in the world.”

But as it turns out, Callaway has other plans. The company has a long and cherished history of building quirky yet high-end performance cars like the C4 Corvette Sledgehammer and C7 Corvette AeroWagen. However, what we really love about the Silverado SC602 is the way it looks.

It may resemble a factory-stock Chevy Silverado from some angles, but there are telltale signs of the truck’s outstanding stoplight-to-stoplight ability. Like those 20 or 22-inch Callaway lightweight wheels, for instance, or the bevy of chrome Callaway exterior badging, including a bold CALLAWAY script on the carbon fiber front grille.

As with any Callaway vehicle, what matters most is hiding under the sheet metal. The SC602 starts life as a Chevrolet Silverado Trail Boss, RST, LTZ, or High Country with a standard 6.2-liter V8 motor and four-wheel drive. Next, Callway installs a GenThree Eaton TVS R2650 Supercharger with a TripleCooled intercooler. The blower offers 15-percent more displacement yet requiring 18-percent less power output.

It doesn’t stop there. The truck also gets a high-flow intake, low-restriction stainless steel dual outlet exhausts with quad exhaust tips, and a bespoke Callaway ECU with custom tuning. After all the dirty engine work is complete, the Callaway Silverado SC60’s blown V8 is now pumping out 602 horsepower and 560 pound-feet of torque.

But wait, the Ram TRX’s Hellcat V8 makes 702 horsepower and 650 pound-feet of torque, 100 more horses (and 90 more torques) than Callaway’s truck, so how did it trounce the Ram? Two words: weight and tires. The Silverado SC602 tips the scales at only 5,820 pounds (2640 kg), while the Ram TRX weighs around 7,080 (3,211 kg) pounds.

The result is nothing short of astonishing. The SC602 goes from zero to 60 mph in 4.3-seconds, zero to 100 mph in 9.80-seconds, and breaks the quarter-mile in 12.5-seconds @ 113 mph. Meanwhile, the Ram TRX goes from zero to 60 mph in 3.99-seconds, a bit quicker than the Chevy.

But the latter is faster from zero to 100 mph as the Ram needed 10.14 seconds to perform the deed, proof of the Callaway Silverado SC60’s mid to high-range pulling power. And yeah, those sticky performance tires were partly responsible for the Callaway’s drag strip prowess.

What’s more, the Silverado SC602 is 50-state emissions compliant and carries a 3-year/36,000-mile warranty to supplement Chevy’s bumper-to-bumper warranty. Other goodies include aluminum door sills, billet aluminum pedals, an Alcantara-covered horn cover, and ID plaques to let other people know you’re driving the genuine article.

How much? We have no idea. But you can get in touch with Callaway if you fancy the ultimate Ram-beating sleeper truck.

Callaway Chevy Silverado SC602 Signature Edition Gallery

Continue Reading

Cars

Ford reveals the custom 2021 Mustang Mach-E to be given away for charity

Published

on

Ford has supported various charities for a long time, often donating customized automobiles to be auctioned off. Each year Ford offers a customized car for the AirVenture charity, and typically that car is a Ford Mustang of some sort with a big V8 engine under the hood. This year, the car Ford is donating to the charity is a different kind of Mustang.

Ford has revealed the customized electric 2021 Mustang Mach-E that will be auctioned off this year. The vehicle was built to honor the sacrifices of Women Air Force Service Pilots. The special Mach-E is inspired by the female volunteer pilots and the planes they flew during World War II.

Proceeds from the vehicle auction support the EAA initiative to provide young women and underserved youths more access to careers in the aviation industry. Ford notes that it has worked with AirVenture for more than two decades and has donated 12 custom aviation-themed performance vehicles so far, raising a total of more than $4 million. 2021 marks the first year Ford has donated an electric vehicle.

The custom Mach-E was designed by Ford and has a custom paint scheme with military badging inspired by the warplanes the volunteers flew. Women Air Force Service Pilots flew almost every type of military aircraft in World War II as they rolled off the factory floor after assembly. Ford put badges, including the US Army Air Force star on both sides, wings logos on the hood and fender, and No. 38 on the front fascia, rear bumper, and inside the cabin.

That number represents the 38 volunteers who died serving their country. Women Air Force Service Pilots are a group of American volunteers who transported warplanes to US Army bases worldwide to be used in combat. The female pilots flew more than 60 million miles during the war and weren’t recognized as active military personnel until 1977 when the pilots were granted retroactive military status.

Continue Reading

Cars

This Porsche 911 Turbo S pays homage to Mexican driving ace Pedro Rodriguez

Published

on

In collaboration with Porsche Latin America, Porsche Mexico, and Porsche Exclusive Manufaktur, German automaker Porsche has built a custom 911 Turbo S in memory of the late, great Pedro Rodriguez. Rodriguez is the most successful Mexican racing driver of all time.

He walked away with 11 titles in the World Championship of Makes – now known as the World Endurance Championship – and helped Porsche capture the crown in 1970 and 1971 aboard a Porsche 917 KH in Gulf Oil livery. Rodriguez claimed two Formula Grand Prix wins, four wins in the 24 Hours of Daytona, and a victory at the 24 Hours of Le Mans before losing his life in 1971 at the Norising street circuit in Nuremberg, Germany.

Fifty years on after that fateful and deadly crash, Porsche is reliving the glory days with a custom 911 Turbo S ‘One of a Kind’ Pedro Rodriguez. The car debuted at a Sportscar Together Day event at the Centro Alto Rendimineto in Toluca, Mexico, where it drew oohs and ahhs with its custom Gulf attire.

Porsche claims the 911 Turbo S ‘One of a Kind’ Pedro Rodriguez is, well, genuinely one of a kind. “This configuration, with these specific details and equipment, has been locked in the Porsche configurator, as well as in the production system, so that this car is literally unrepeatable,” said Camilo San Martin, Director of Porsche Mexico.

Wearing the iconic Gulf Blue paint with single orange striping, it also has custom high-gloss black wheels, an aluminum center lock, and a black number 2 in a white circle graphic on the doors and front hood. Look closely at the B-pillar and you’ll find a silhouette of the 917 KH race car wearing the colors off the Mexican flag, complete with the name and signature of Pedro Rodriguez.

Other bespoke elements include unique carbon moldings on the lower door frames (which illuminate when the doors are open), Graphite Blue leather seats with orange stitching, and an engraved tribute of the eight races that Rodriguez won aboard the Porsche 917 KH under the rear spoiler.

Also included are a Gulf Blue key fob (with Rodriguez’s signature) and a luggage set wearing the same blue and orange colors. It still has a turbocharged 3.8-liter flat-six pumping out 640 horsepower and 590 pound-feet of torque with an eight-speed dual-clutch gearbox under the hood.

The Porsche 911 Turbo S Pedro Rodriguez will hit the auction block later this year. Porsche will donate the auction proceeds to various charities.

Continue Reading

Trending