I can only agree. The govt valuation is ludicrously low.
IMHO the govt has just raised this whole scheme as a matter to squash criticism of their inaction (and lampoon the previous govt for theirs).
They know full well that it will take years to pass legislation, find corporate partners, fund, and implement. They will be long gone from office before anything meaningful is done.
In the meantime the telcos will carry on rolling out fibre links on an as required basis.
No wonder the rest of the world is supposedly watching this with great interest, and probably wondering if fairy tales really do come true.
To top if off, my understandiing is that about 50% of broadband users currently chose speeds no greater than 256, so how do they expect different takeup rates with the ovekill speeds of the new system?
It's a joke.
Rob