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Labor announces $3 billion equity injection into the NBN

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Prime Minister Anthony Albanese announced a funding commitment of $3 billion to the National Broadband Network and has pledged to keep the network in "public hands".
The Australian Labor government has announced a $3 billion equity injection into the National Broadband Network (NBN) to support its ongoing operations and future upgrades. This financial boost aims to enhance the network's capabilities, ensuring it can meet the increasing demand for high-speed internet and support emerging technologies. The investment is part of a broader strategy to improve digital infrastructure across the country, addressing issues like network congestion and slow speeds, particularly in regional areas. The funding will also help in transitioning the NBN from a construction phase to a maintenance and enhancement phase, focusing on customer experience and technological advancements.

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[ https://www.msn.com/en-au/politics/government/labor-announces-3-billion-equity-injection-into-the-nbn/ar-BB1rkUex ]