Joint Minister for Finance - nbn reports strong financial performance in full year results
15 August 2017
Ministers today congratulated nbn on another strong year of performance, with
nbn exceeding each of the key metrics set out in its corporate plan for the 2016-17
In July, the
rollout reached the halfway milestone and nbn reached the $1 billion annual
revenue mark for the first time in 2017.
remarkable progress on one of Australia’s largest and most complex
infrastructure projects is impressive given the vast scale of the rollout and
the coordination required. Right now, more than 24,000 workers are designing
and building the network, and switching on services across 1850 sites across
There are now
more than 2.6 million homes and businesses connected to the network and around
40,000 premises are signing up to nbn-based plans with retail service providers
show the company has set an achievable plan to complete the network by 2020.
‘ready for service’ reached 5.7 million in the last financial year, against a
corporate plan target of 5.4 million, while total activations were more than
140,000 ahead of target.
One in two Australian
homes and businesses can now access the nbn, with just over 87,000 homes and
businesses able to order services each week (12 weeks to 3 August 2017).
information and to find out when the network will be available in your area