NBN Co publishes corporate plan for 2020-2023

30 Aug 2019

NBN Co, the company overseeing the construction and management of Australia’s National Broadband Network (NBN), has published its ‘Corporate Plan’ for the period 2020-2023. In doing so, the operator has confirmed it is on track to complete the NBN network build by 30 June 2020 and expects a total of 11.5 million premises to be classified as ready to connect (RTC) at that date. It noted that, as of now, around 86% of Australia’s homes and businesses can order an NBN-based service. NBN Co did though add that its network completion commitment excludes around 100,000 premises which it defines as ‘complex installations’; these include properties that are difficult to access and some culturally significant areas and heritage sites. According to the company, it plans to undertake ‘ongoing activity’ at these sites and at greenfield residential and business development sites beyond 30 June 2020.

Meanwhile, with regards to activation targets, NBN Co has said it amended these within its corporate plan, reducing the target from 7.5 million to 7.0 million by end-June 2020. It said that doing so was ‘purely a timing issue around deployment and activations, with the [RTC] footprint coming later during FY20 than originally forecast in the previous year’s plan’. Rounding out the company’s key forecasts, NBN Co expects to generate revenue of AUD3.7 billion (USD2.3 billion) for the financial year ended 30 June 2020, rising to AUD5.9 billion in its fiscal year 2023.

Australia, NBN Co