Tony Abbott to axe National Broadband Network
Tony Abbott will take the axe to the $43 billion NBN as the Liberal Party plans to cuts Government spending by $10 billion in an effort to pay off the debt accumulated by Kevin Rudd's government through fiscal stimulus measures designed to keep the Australian economy out of recession during the global financial crisis.
Telstra on Wednesday announced that it is acquiring South Australian competitive broadband provider Adam Internet for an undisclosed amount.