Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

The member for Wentworth asserted in Paris last year that where investment decisions are made by the private sector, FTTH is being reconsidered in favour of improved technologies over copper. Yet as I have just described, the private sectors in Spain and France are investing in fibre to the home. So let's follow Mr Turnbull's money, not his mouth. Let's follow his money and see what it shows us. Did Mr Turnbull invest in Telecom New Zealand when they were building FTTN? No. Has Mr Turnbull invested in BT in fibre to the node? No. Did he invest in France and fibre to the home? Yes. And what do we discover today? Ole! The Register of Members' Interests reveals that Senor Turnbull has invested in Telefonica bonds that are helping to finance Spain's fibre to the home. (Time expired)