nbn speeds towards completion in 2020
SENATOR HON MATHIAS CORMANN
MINISTER FOR FINANCE
9 February 2017
NBN Co Limited’s (nbn) 2017 half-yearly
results released today showcase the company’s strong performance in rolling out
the network and connecting users, and confirm nbn is on track to deliver
Australia’s largest infrastructure project on time and on budget.
Once again, these results show the
company has the right plan to deliver affordable, high-speed broadband to all
Australians by 2020.
This year, the network will also reach
the half-way completion mark, a huge achievement for one of the most complex
infrastructure projects ever undertaken by Government.
The network is fast becoming a
reality for all Australians, with 80 per cent of the entire network either in
the design, construction or ready for service stage.
In September 2013, fewer than
three per cent of Australian premises could obtain a service on the network. Now,
under the Government’s multi-technology approach, nbn has more than 4 million
premises ready for service – more than one-third of all Australian homes and
continues to climb from nbn connections which are increasing by close to 30,000
premises every week.
earned $403 million for the six months to end December which is almost as much as
the total revenue earned in FY16.
results nbn has demonstrated that it can build a scalable and sustainable
business while delivering superior broadband plans at affordable prices for
More information about the nbn
rollout and how to connect is available at: www.nbnco.com.au