Dear Reader,

Telstra CEO Andy Penn just said the National Broadband Network ‘could become worthless’.

That would be a massive write-off if so. It’s Australia’s largest infrastructure project, with a cost in the range of $50 billion.

Why the white elephant?

5G has the potential to make the NBN redundant before it’s even finished.

That throws up multiple investment implications that are potentially very lucrative.

Click here for the full story.

Cheers,

Shae Russell, Editor, The Daily Reckoning Australia