NBN Co downgrades estimate for properties passed by June 2013

13 Feb 2013

Mike Quigley, the chief executive of NBN Co has confirmed that one of the largest contractors for the project has been beset by delays. According to the Australian Financial Review, Mr Quigley has revealed that Syntheo, which is a 50/50 venture between Lend Lease and Service Stream, has been forced to downgrade the number of premises it expects to have passed by June 2013. NBN Co, which is overseeing the construction and management of Australia’s National Broadband Network (NBN), had initially forecast that the NBN would pass 300,000 premises passed by mid-2013, but this number has now been reduced to 286,000. Mr Quigley is reported to have said of lower coverage estimate: ‘The reason for the change is one of our construction partners has reduced significantly their forecast since we presented back in October timeframe.’ Further, with the executive answering questions in front of the Senate Environment and Communications Legislation Committee in Senate Estimates, Mr Quigley also confirmed that no premises in the Western Australia and the Northern Territory were able to access the fibre network, while he also revealed that, of the 245 areas in which Syntheo is carrying out work, none were currently active. Syntheo is responsible for the NBN network rollout in South Australia, Western Australia and the Northern Territory.

Australia, NBN Co