Broadband firm may not always be in state hands — Erwin

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XCentricdave

Well-Known Member
Joined
Nov 27, 2006
Messages
326
Erwin said the broadband company’s aims would not be achieved by a subsidy “but by a long-term strategic investment by the state where our payback periods are longer and the rate of return required determined by a number of economic calculations rather than profit maximisation as the prime determinant”.
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A subsidy by any other name... And long term investment, hmmm, by a government and party trying to be popular in the lead up to leadship elections. Political capital making now; or really looking long term? I want to believe what he's saying, but given that eighteen other departments get to fiddle around with the proposal before it ever gets into reality I'm not that optimistic.

“Leaving such critical investment to purely market forces was too risky given our urgent need for greater and more internationally competitive broadband capacity.”
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Am I supposed to hugely re-assured that polititians and civil servants will be looking after it? Track record no great so far.
 
K

krycor

Honorary Master
Joined
Aug 4, 2005
Messages
18,546
so.. who will own a large chunk of it when the gov pulls out.. i'm sure we can hazard a few guesses ;)
 
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