Joint Media Release

NBN Co Limited continues to deliver, with strong half year results

MC 08/18

Senator the Hon. Mathias Cormann
Minister for Finance
Leader of the Government in the Senate
Senator for Western Australia

Senator the Hon. Mitch Fifield
Minister for Communications
Minister for the Arts
Deputy Leader of the Government in the Senate
Senator for Victoria

12 February 2018

NBN Co Limited’s (nbn’s) 2017-18 half yearly results show the company is continuing to achieve strong growth in activations as it speeds towards connecting 8 million premises by 2020.

nbn remains on track to complete the initial build by 2020, with over 95 per cent of premises now in design, under construction or able to order a network service.

nbn is continuing to deliver strongly against the key targets, with $891 million in total revenue in the half year to 31 December 2017.

The financial results also show that as at 31 December 2017:

  • more than half of all Australian premises were able to order a National Broadband Network service, with 6.1 million premises ready to connect;
  • there were nearly 3.4 million premises with an active NBN service, more than double the number recorded for the previous year; and
  • the average revenue per user has increased 2 per cent to $44, up from $43.

Connections hit a record for the half year with more than 7,000 premises switched on every working day, totalling 942,000.

The Government’s approach means nbn is connecting more Australians living in both metropolitan and regional areas sooner, allowing them to realise the benefits of fast, affordable broadband.

More information on the rollout and how to connect is available at: www.nbn.com.au                                                                   

[ENDS]

Media Contact(s): 

For Minister Cormann: Karen Wu - 0428 350 139
For Minister Fifield: Geraldine Mitchell - 0407 280 476

Senator the Hon Mathias Cormann, Minister for Finance and the Public Service, Perth