But what's Telstra going to do with the money?

Telstra could reap up to $100bn from the NBN thanks to a shrewd David Thodey. Before moving on from the telco, he'll want to ensure he leaves behind a legacy of growth.

Stephen Conroy must have read Bill Scales’ ‘independent audit’ of his National Broadband Network process this week with a mixture of snarling irritation and nostalgia for those heady days of 2009 and 2010, when nothing mattered but dreams of fibre and shafting Telstra.

Ah, the thrilling race to rebuild Australian communications, when anything seemed possible, and bugger the consequences -- all laid out in predictably excruciating detail by Bill Scales.

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