$NBN tick, tick, tick

Don’t be surprised if the battle for NBN turns another corner anytime from today.

At 5pm yesterday it closed all offers for the Newcastle-based network, as competition between PBL and WIN hotted up.

WIN made a bid to proprietors SP Telemedia on Friday.

NBN carries a significant market from Newcastle to the Gold Coast.

UPDATE: NBN Board has unanimously approved PBL’s offer of $250M. It is now seeking advice on whether this needs shareholder approval.

Meanwhile WIN may swoop on Nine in Adelaide, currently owned by Southern Cross Broadcasting.

And finally PBL may make a higher bid on Perth’s Nine network too.