In Australia, the cost of the internet could double in the next 10 years. Also, millionaires like Elon Musk are responsible for raising prices.
- NBN defends Internet price increases across Australia
- Complaint competition with Elon Musk’s satellite services threatens its existence
- ACCC accused NBN of proposing a rate hike “double the cost of the next 10-year plan”
- NBN forecasts to lose 263,000 customers next fiscal year
The National Broadband Network defends plans to double Internet prices by 2032, claiming that “fierce” competition with various wireless services, including Elon Musk’s satellite services, threatens its existence. ..
NBN’s proposed plans to raise the price of Internet services were revealed in a report from the Australian Competition & Consumer Commission (ACCC).
This was revealed by an edited proposal that determines how much the network can charge wholesale customers such as Optus, Telstra and TPG.
Internet provider NBN (pictured) defends and threatens price increases in Australia by claiming competition with a variety of wireless services, including Elon Musk’s satellite services.
Elon Musk’s company Starlink has a satellite “Constellation” that provides the Internet to more than 30 countries.
However, the proposal was strongly criticized by the ACCC, claiming that “the cost of entry-level internet plans will double in the next 10 years and will continue to be priced until 2040.” The age was reported.
The NBN has blamed the proposed increase in usage for many factors, including competition with companies operating low earth orbit satellites and the rise of 4G and 5G fixed radio services. It is operated by companies such as Telstra, Optus and TPG.
Starlink, a satellite company of Elon Musk operated by SpaceX, is an internet constellation covering more than 30 countries.
NBN said there was little option but to raise prices as companies were “aggressively” selling services as an alternative to Australia.
“As a result, NBN faces the risk of generating sufficient cash flow to maintain its business and continue to invest more in the network,” said the network.
NBN said the rise of low earth orbit satellites and 4G and 5G fixed-radio services has forced prices to rise.
NBN argued that pressure from these companies and technologies forced them to adopt more expensive pricing models, so they could recover their costs in time.
NBN’s business model was blown up by Australia’s top telecommunications company, which sent a joint letter to ACCC Chair Gina Casgot Reeve on Wednesday.
“The wholesale price of NBNCo has risen each year since then, rising at a higher rate than inflation, making household living costs worse and NBN high-speed broadband affordable for many Australians,” Telstra, TPG and Vocus said. The letter signed by Optus said Australia’s Broadband.
One of the country’s leading telcos has strongly criticized NBN’s proposal in a letter and urged ACCC Chair Gina Casgot Reeve (pictured) to manage the pricing model for the network.
telcos has requested an “access decision” to pass control of NBN pricing to the ACCC.
NBN forecasts that fixed wireless services will lose more than 260,000 customers this fiscal year.