What Aussies can't get enough of
NBN Co released full-year financial results on Tuesday that show an accelerating thirst for data.
More than 8.63 million homes and businesses are connected to the NBN network, and the organisation makes on average $50 per month from each residential user, a figure that has increased $3 this past financial year.
'These results demonstrate that our strategy of upgrading our network to full fibre and other leading technologies is delivering for customers, businesses and the nation,' chief executive Ellie Sweeney said. The number of homes and businesses with the fastest, fibre-to-the-premises connection rose 23 per cent this past year to 2.665 million. Supplied Credit: News Corp Australia
'Almost 9.8 million premises can now order our highest speed residential products, and by the end of December this year, that will grow to more than 10 million premises or 90 per cent of our fixed line network.'
The average NBN-connected premises uses 508GB of data a month, up 13 per cent on last year.
NBN Co's financial results show revenue has grown 4 per cent (to $5.7bn) and pre-tax earnings rose 8 per cent to $4.2bn.
NBN Co's investments would lift the 100Mbps wholesale speed offering to 500Mbps in September, Mr Sweeney said. NBN chief executive Ellie Sweeney says the network is delivering for Aussies. Supplied Credit: Supplied
'Looking to the future, it is NBN's aim that our 500Mbps wholesale speed tier becomes Australia's most popular NBN plan. And thanks to our investments in the latest technologies and network upgrades, we expect to lift average fixed broadband speeds across the nation.'
In January, the federal government announced it was investing $3bn, to go alongside NBN's $800m spend, to get the remaining 622,000 premises on copper connection onto fibre by 2030.
'We are on track to complete the initial five-year Fibre Connect program on time by December 2025 and on budget,' Ms Sweeney said.
NBN Co has shaved 5 per cent of its operating expenses this year – attributed to 'disciplined' cost-efficiency initiatives – without recording a single 'serious' health and safety incident.
The organisation also cut capital expenditure by 7 per cent (to $3.5bn) as major infrastructure and capacity works were completed.
In May, NBN Co was named the most sustainable public sector entity in the southern hemisphere by the 2025 Corporate Knights Global 25 Most Sustainable Public Sector Corporations in the World index. The award criteria included greenhouse gas emissions, inclusivity and diversity in the workplace, and the social impacts of company operations.
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