nbn, the company in charge of building Australia’s National Broadband Network, has announced its network footprint has expanded to cover three million premises, all of which are now able to order an nbn service. Chief Network Engineering Officer Peter Ryan said: ‘This milestone is testament to the sheer volume and pace of work that our team and partners have achieved. We are making outstanding progress towards our goal: connecting eight million homes and businesses to enable access to fast broadband by 2020. Some of the areas we’ve been working in recently to get to this point are Campbelltown (NSW), Redcliffe (QLD) and Torquay (VIC).’
Earlier this week, in announcing its results for the twelve months ended 30 June 2016, nbn reported that the number of homes and businesses with an active nbn service more than doubled from 486,000 in June 2015 to 1.1 million, exceeding the projection of 955,000. With the increase in end users, revenue for the twelve-month period more than doubled from AUD164 million (USD126.2 million) to AUD421 million, thus surpassing the previously stated target of AUD300 million.