nbn, the company overseeing the construction of Australia’s National Broadband Network (NBN), has published its results for the three months ended 30 September 2016, saying that it had ‘demonstrated continuing momentum and further ability to scale the business leveraging the multi-technology mix (MTM) to bring broadband access to thousands more Australians’ in the quarter.
In the period under review, nbn confirmed that it had made an additional 338,000 premises ready for service, bringing the total number of premises served by the NBN to 3.231 million. Of that total, almost half – 1.420 million – were passed by fibre-to-the-premises (FTTP) technology, up from 1.381 million at end-June 2016, while the number of homes and businesses connectable via fibre-to-the-node (FTTN) technology was 926,624 (up from 662,729). With HFC connectivity available to 27,506 premises, meanwhile, the remainder of addressable properties are served by either satellite (415,518) or fixed-wireless (441,289). In terms of uptake, at the end of September 2016 there were 1.378 million active end users, representing a more than 25% quarter-on-quarter increase, and a more than doubling from the 610,712 customers reported a year earlier.
In terms of nbn’s financial performance, meanwhile, in the first quarter of its 2017 fiscal year the company generated turnover of AUD181 million (USD162 million), a 148% increase when compared to the same period a year earlier. Operating expenses were also up, however, rising to AUD682 million in Q1 FY2017, up from AUD409 million, while reporting an EBITDA of negative AUD501 million (Q1 16: negative AUD336 million). Capital expenditures in the quarter under review were AUD1.478 billion, up from AUD1.063 billion in the previous quarter, of which approximately one-third (AUD490 million) was spent on the deployment of FTTN technology.