NBN looks on track to achieve its 2020 goal

The Courier-Mail - - BUSINESS - SIMONE ZIAZIARIS

NBN Co says it is on track to com­plete the roll­out of Aus­tralia’s broad­band net­work by 2020, af­ter adding 708,000 new homes and busi­nesses to its sys­tem and more than dou­bling rev­enue in the Septem­ber quar­ter.

Most of the growth in new cus­tomers comes on the back of a lift in fi­bre-to-the-node con­nec­tions, with the num­ber of FTTN users now ex­ceed­ing fi­bre-to-the-premises users, the com­pany said yes­ter­day.

The govern­ment-owned busi­ness reached a to­tal of 6.4 mil­lion premises as of Septem­ber 30, up from 3.2 mil­lion homes and busi­nesses at the same time last year. This helped net­work rev­enue more than dou­ble to $405 mil­lion, com­pared to $181 mil­lion recorded a year ago.

Ac­tive uses also rose to 2.96 mil­lion by the end of Septem­ber, com­pared to 1.38 mil­lion a year ago.

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

NBN Co hoped to add 11.6 mil­lion homes and busi­nesses to its net­work and 8.1 mil­lion premises on an NBN-pow­ered plan with a re­tail ser­vice provider by 2020.

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