nbn reports increase in users, revenues, serviceable homes in 9M FY2015

1 Jun 2015

Australia’s National Broadband Network saw ‘sizeable increases’ in the number of serviceable premises, active end users and telecommunications revenue in the nine months to 31 March 2015, according to nbn (previously known as NBN Co), the company tasked with overseeing the project. nbn confirmed in a press release that the number of serviceable premises increased to 899,000 (across all access technologies) in the period under review, nearly double the number reported in March 2014, with approximately 12,300 premises passed every week – an increase of 73% on the twelve-week rolling average for the comparative period. The escalated rollout has led to an increased service uptake and revenue growth; the number of active premises reached 389,000 (up 133% year-on-year), while cumulative telecoms revenue for the nine months to end-March 2015 exceeded AUD100 million (USD76.6 million), a 179% improvement on the figure reported in March 2014.

Further, during the third quarter of its financial year (ended 31 March 2015) nbn launched its fibre-to-the-building (FTTB) product and has begun activating FTTB services. nbn is also doubling the size of preliminary fibre-to-the-node (FTTN) construction footprint to encompass approximately 400,000 new premises, including additional households and businesses in New South Wales, Queensland and Victoria, while selected communities in Northern Territory, South Australia and Western Australia are set to benefit from the service for the first time.

nbn’s CEO Bill Morrow commented: ‘The company has made solid operational and financial progress over the period. It puts us on the path to achieving our full-year targets of around one million serviceable premises, around 480,000 activations and around AUD150 million in annual revenues. The recent repositioning of the nbn brand from that of a utility function to a visionary company that will deliver positive benefits for every Australian will also help materially drive activations and bring forward revenues.’

Australia, NBN Co