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First France, now Spain: Malcolm Turnbull invests again in Fibre to the Home::

Minister for Broadband, Communications and the Digital Economy, Senator Stephen Conroy, today accused Malcolm Turnbull of rank hypocrisy for investing in another telecommunications company that is building a fibre to the home network.

“If Australians want to know what Malcolm Turnbull really thinks about investing in fibre to the home, they need to follow his money, not his mouth.

“Alongside his investment in France Telecom, which plans to connect 15 million homes with fibre by 2020, Mr Turnbull has also bought bonds in Telefonica – Spain’s largest telecommunications company.[i]

“These bonds are helping build a fibre to the home network in Spain’s major cities, including Madrid and Barcelona,” Senator Conroy said.

“Telefonica plan to bring 100 Mbps services to 1.3 million premises in Madrid, and to cover 50% of the population of Catalonia by 2013.

“Mr Turnbull wants to spend billions of taxpayers’ dollars building a second rate fibre to the node network in Australia, but he continues investing his own money in fibre to the home.

“If Mr Turnbull thinks fibre to the home is good enough for France and Spain, then he should support it for Australia too.

“It is time Mr Turnbull put his mouth where his money is by supporting Labor’s roll out of the National Broadband Network’s fast, affordable and reliable broadband to all Australians.”

11 September 2012