Latest Corporate Plan shows nbn on track for 2020 completion
HON MATHIAS CORMANN
Latest Corporate Plan
shows nbn on track for 2020 completion
26 August 2016
2017 nbn Corporate Plan released today shows that Australia’s most
comprehensive infrastructure project is maturing rapidly and is on track to
deliver high-speed broadband access to all Australian homes and businesses by
access as quickly and affordably as possible will ensure all Australians have access
to high-speed broadband that will drive new approaches to how we work, connect,
learn, conduct business and access health services.
to last year’s Corporate Plan forecasts, nbn’s peak funding estimate has
remained stable at $49 billion.
an excellent year of progress which saw fibre-to-the-node (FTTN), hybrid
fibre-coaxial (HFC) and SkyMuster satellite services launched, the company was
able to exceed its financial and rollout targets while carrying forward almost
$400 million in unspent Government equity. The company has now built more than
a quarter of the network and over three million homes and businesses can order
The Corporate Plan builds on the recently
released annual results that shows that by 30 June 2016, the company:
met its annual fixed line and fixed wireless rollout targets ahead of time
than doubled its revenue from $164 to $421 million, with revenue expected to
more than double again in 2016-17 to about $900 million, and
its total customer connection forecast by almost 144,000, with almost
1.1 million active users.
switching on last September, the FTTN activation rate has grown from 1,000
services connected in the first 51 days to over 2,700 per working day in the
further accelerate the network build over the next two financial years, with 78
per cent of the network expected to be completed by June 2018 and 4.4 million
this year nbn launched services on its Sky Muster satellite. This
service is now delivering high-speed broadband to more than 18,000 Australians
in regional and remote areas. nbn’s second satellite, Sky Muster II, is
set to launch in October 2016.
part of this partnership, the Government has updated its Statement of
Expectations for nbn, to guide the company through to the completion of
the project, with an increasing emphasis on the operation of the network that
is more than one quarter complete.
updated Statement of Expectations highlights several priorities for nbn,
including operating commercially, maintaining fiscal discipline, proactively
working with stakeholders, managing risks and continuing transparency measures.
2017 Corporate Plan leverages the substantial progress the company has made
over the past two years to reset contractor relationships and scale its
information technology and business process systems.
and mitigation plans for the network are outlined in the Corporate Plan, and
the narrowed peak funding range takes these into account. The company continues
to include a contingency, as a prudent measure to manage a project of this size
2017 nbn Corporate Plan is available at: www.nbnco.com.au/corporate-information/about-nbn-co/corporate-plan/corporate-plan.html
Statement of Expectations is available at: www.communications.gov.au/nbnstatementofexpectations