NBN looks on track to achieve its 2020 goal
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.