NBN foot­print reaches an­other 708,000

Herald Sun - - BUSINESS DAILY -

THE com­pany be­hind the National Broad­band Net­work says the roll­out is on track for com­ple­tion by 2020 af­ter it added 708,000 homes and busi­nesses to its foot­print the past quar­ter.

As of Septem­ber 30, there were 6.4 mil­lion premises cov­ered by the net­work, NBN Co says, up from 3.2 mil­lion at the same time last year.

An­other 520,000 premises signed up for the NBN over the three months to Septem­ber, tak­ing the to­tal num­ber con­nected to 2.9 mil­lion.

Net­work rev­enue more than dou­bled to $405 mil­lion in the Septem­ber quar­ter, com­pared with $181 mil­lion in that pe­riod last year.

Op­er­at­ing ex­penses grew from $430 mil­lion to $502 mil­lion, due to in­creased labour and di­rect net­work costs.

Chief ex­ec­u­tive Bill Mor­row said the tax­payer-owned com­pany was mak­ing ad­just­ments to en­sure im­prove­ments at all ser­vice lev­els.

This fol­lows an an­nual Telecom­mu­ni­ca­tions In­dus­try Om­buds­man re­port in Oc­to­ber that found NBN com­plaints were ris­ing at a faster rate than the num­ber of users.

NBN Co hopes its net­work will ex­tend to 11.6 mil­lion premises by 2020.

NBN Co CEO Bill Mor­row

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