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Finance & Accounting
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Finance and Accounting Table of Contents Introduction 3 ‘Fiber to the node’ network 3 Characteristics of NBN 4 Economic rationale for the government 5 Efficiency and equity objectives 6 Conclusion 7 Reference List 9 Answer 1: Introduction In the year 2009, the Australian government had made an official announcement regarding the development of “a super-fast National Broadband Network” (Picot et al., 2010)…

Introduction

The National Broadband Network (NBN) represents the future generation of infrastructure and mode of communication. In the 21st century, the world is advancing at a rapid pace and Australia is also taking part in these technological advancements. According to the Prime Minister of the country, a slow internet connection is one major hindrance in the path of growth. Economic activities are highly dependent on the flow of information. Different communication channels lead to the identification of investment opportunities. Hence, a speedy connection of broadband would boost up economic activities and enlighten the future of the economy. Therefore, the Government of Australia has taken the initiative to connect every individual via the broadband network. It is imperative to ensure that all citizens gain access to the NBN. The project has been started in the year 2010 and is due for completion by the year 2015 (NBNCO, 2013). ‘Fiber to the node’ network A fiber optic network is a network of multiple nodes. By implementing fiber optic, the system designer can create a passive medium of network consisting of several nodes. The presence of multiple nodes makes the distribution network system safe and reliable (Cobo, 2012). ...
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