CANBERRA (Dow Jones)--NBN Co., the Australian government-owned company set up to run a planned new A$43 billion national fiber to the home Internet network, on Thursday upgraded the speeds it expects to be able to offer on the network.
Chief Executive Mike Quigley said the network will provide speeds of one gigabit per second, up from a previously promised 100 megabits per second. The fiber network will also be capable of "virtually unlimited" download capacity, he said.
It comes as the main opposition Liberal-National coalition of center-right parties this week reaffirmed plans to scrap the ruling Labor government's ambitious fiber network if it wins power Aug. 21.
It will instead offer a scaled-back network that relies on a mix of fiber, copper and wireless technologies. The coalition plan will deliver lower baseline speeds of only around 12 megabits per second.
Wireless is "physically unable" to match fiber, Quigley said.
-By Rachel Pannett, Dow Jones Newswires; 61-2-6208-0901; email@example.com