One day NBNCo paid ~$11bn for blocks of land with which to build. The blocks may have existing buildings on them or they might be completely vacant. For many blocks (the number and location are strictly commercially sensitive – NBNCo didn’t ask, and the seller didn’t feel obliged to tell), they don’t know what’s on the block of land: it could be prime real estate or it could be a swamp.
They don’t even know if there is in fact land at the place that they were told and to solve these problems NBNCo have agreed to pay extra to the seller to survey the land that they bought.
Every 18 months or so, NBNCo then place a big sign at a random number of blocks in random places saying “Sometime soon we’ll build a building here!”. Occasionally on some blocks, for no describable reason, the sign is pulled down. This is the best information we get from the NBNCo public website and maps.
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