Royce also gets some very basic facts wrong about the deal. This covers 163,000 addresses, not 157,000. Macquarie has stated clearly that the utility fee will include network refreshes every seven years at a cost of about $60 million each time, but Van Tassell is claiming that it's not included and that equipment refreshes will happen as often as every three years. He claims that upgrades will be incredibly expensive, yet 100 Mbps electronics from 10 years ago were more expensive than 1 Gbps electronics are today.