Nbn continues to exceed targets in full-year results
Senator the Hon Mathias Cormann
Minister for Finance
16 August 2016
The National Broadband Network rollout continues to exceed its connection and
financial targets, according to nbn’s latest full-year results
nbn’s 2016 full-year results are the latest evidence of the benefits of
the Coalition’s faster, more affordable nbn rollout.
The nbn has now hit each of its targets for nine consecutive quarters –
an unbroken run for over two years, and shows that the Coalition’s
multi-technology mix nbn is enabling more Australians to experience the
benefits of high-speed broadband as quickly as possible.
This level of revenue growth could only be achieved because the nbn is being
connected to more premises, more quickly than ever before.
nbn had a target of 2.632 million homes ready for service – they beat
that target by over a quarter of a million premises. nbn had a target of
955,000 premises activated – they beat that target by over 100,000 premises.
There are now close to 1.2 million paying customers on the nbn network.
That’s up from just 51,000 customers connected to the built network when Labor
was in charge of the rollout – more than 20 times as many customers in less
than three years.
Under the Coalition the nbn is meeting its rollout and financial targets –
allowing more Australians, especially in regional areas, to do business online,
study via virtual classrooms, and connect with family and friends.
The cost of living matters to the Coalition, so the Government has instructed nbn
to continue rolling out the network as economically as possible. This is in
sharp contrast to Labor’s latest broadband policy that would have added $8
billion more to the cost of the nbn network – a cost that would have hit
every family’s monthly internet bill.
More than one-quarter of Australian homes and businesses can now access an
nbn service, and the company is aiming to reach almost half of all
households by mid-2017.
For more information on when and how to connect to the nbn network visit