NBN to hit one million milestone

The federal government corporation behind the national broadband network's rollout expects to beat its full-year target of one million users activated.

Ethernet data cables in a server room

One million homes and businesses are expected to be connected to the NBN in coming weeks. (AAP)

One million homes and businesses are expected to be connected to the national broadband network in coming weeks.

NBN Co, the federal government corporation behind the network's rollout, said nearly 167,000 new homes and businesses signed up to an NBN service in the three months to March 31, taking the total number to 902,948.

Chief executive Bill Morrow said this was the eighth consecutive quarter in which the rollout met or beat its targets.

The NBN is ahead of schedule and has surpassed its targets for the 2015/16 financial year, he said.

"NBN is ahead of plan on activations, connecting a record number of end users this quarter," Mr Morrow said.

"By the end of the quarter we have surpassed 900,000 active users and since then we have surpassed our full year target and are weeks away from hitting one million active end users."

NBN Co's revenue during the March quarter hit $111 million, more than double revenue from the same period a year ago.

On average, 14,000 new premises were signing up each week, and data showed a strong uptake in video streaming by users, Mr Morrow said.

NBN users are consumer about one third more data than the national average, he said.

The average download per month on the NBN service has increased 56 per cent to 114 gigabytes in March 2016, compared to 73 gigabytes in March 2015.

Mr Morrow said he was not concerned the possibility of a change in policy after the upcoming federal election.

"We will be standing by ready to make any changes if there is a change to the policy," he said.

"We are not going to worry about it. We have a lot going on right now."


Share

2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world