Do you seriously think they were going to deliver the FTTH for $37bn? NBN co (the off books 100% government owned entity tasked to build it) was miles behind schedule, was running over budget at just 3 years into the build. The current senate estimates hearing has stated it as 2 years behind schedule 3 years in.
We would have been lucky to have gotten out at $100bn. Even Labor gave up arguing the 37bn cost as real in the run up to the last election.
FTTN is not perfect, but nothing in life is. Perfection simply costs too much.
As for you comments about the upgrade in speed. Firstly I believe off the top of my head it was 50mbps but even if it is 25 very few houses are close enough to the exchange to get ADSL 2 that syncs anywhere near that rate. If you are like me and on a digital rim and have a full exchange you only get 8mbps. Could be worse and you could be my neighbour who can't even get adsl because the exchange is full, lucky I'm nice and let him leach off me.
Finally WTF are you talking about re the CEO? Ziggy was in charge when the second tranche of shares were sold and they were highly valuable at the time. He finished as CEO in 2003 and was replaced by Sol Trujilio. Sol had an extremely combative relationship with the government and yes he saw battling the ACCC as part of his job. But even then he left the shares of Telstra high. The single biggest impact on share prices was Stephen Conroy who took to telstra with a baseball bat and even said “The regulation of telecommunications powers in Australia is exclusively federal. That means I am in charge of spectrum auctions, and if I say to everyone in this room 'if you want to bid in our spectrum auction you'd better wear red underpants on your head', I've got some news for you. You'll be wearing them on your head ... I have unfettered legal power.” Conroy destroyed Telstra's value - no one else.
Don't get me wrong - I would love to have 1gb fibre to my house. But at close to $4000 for every man woman and child in australia it's too expensive and that's not per household it's per person. So $20k for a 5 person house, just for the connection. You still have to pay isp fees after that.