Story image

NBN reports “strong growth” with Q1 fiscal 2018 results

15 Nov 17

The National Broadband Network (NBN) has released its Q1 (2018 financial year) results and has expressed an optimistic outlook on what they mean for the company moving forward.

NBN says the Q1 report shows strong results across all key targets and demonstrates that the company is on track to complete the rollout of Australia’s new broadband access network by 2020.

In terms of total revenue, the company reports a figure of $405 million, which is up from 181 million vs Q1 September 2016 (a rise of 124%), with an Average Revenue per User (ARPU) of $43, which remains the same from last year.

It has also reported that 2,963,552 premises have been activated nationwide, compared to 1,378,273 in Q1 September 2016 (up 115%) and 6,421,828 are now ready to be serviced, compared to 3,231,389 last year (a rise of 99%).

During the first quarter of fiscal 2018, NBN reports that  6.1 million premises ready to connect (RTC). According to NBN, this means that just over half of the premises in Australia can order an NBN plan from a retailer.

Bill Morrow, NBN CEO says, “Strong foundations have been laid by the hardworking NBN team, along with our Delivery Partners and retailers, playing a significant role in accelerating the rollout and activating services at an extraordinary pace.

“With confidence, we seek to take it a step further to deliver the biggest deployment year in NBN history, which will bring us to (a total of) three-quarters of eligible premises ready for service by the end of the fiscal year 2018.”

NBN says the agility of the Multi-Technology Mix (MTM) has sustained the network’s deployment, with more than 2.8 million of ready-to-service premises utilising Fibre-to-the-Node or Fibre-to-the-Building and 1.1 million premises utilising Hybrid-Fibre-Coaxial (HFC).

The company says the results reflect their work in developing a customer-centric business approach, with customer experience remaining a priority over the quarter.

It points to a number of initiatives it has deployed over the quarter including a national campaign launched to address consumer confusion, changes to the ‘check your address function’ and the launch of a tech lab for fault assessment and remediation.

It has also credited retail service providers for driving some of the growth experienced by the network.

Morrow adds, “NBN is a wholesale-only company, hence requiring partnership with retail service providers to make substantial improvements throughout the supply chain to deliver Australia’s new broadband network.

“Together, we are revisiting processes and making adjustments to make improvements at all service levels a priority.”

NBN’s targets for 2020 include achieving a total of 11.6 million premises ready for service, and 8.1 million homes and businesses on an NBN powered plan with a retail service provider.

Disruption in the supply chain: Why IT resilience is a collective responsibility
"A truly resilient organisation will invest in building strong relationships while the sun shines so they can draw on goodwill when it rains."
The disaster recovery-as-a-service market is on the rise
As time progresses and advanced technologies are implemented, the demand for disaster recovery-as-a-service is also expected to increase.
Cohesity signs new reseller and cloud service provider in Australia
NEXION Networks has been appointed as an authorised reseller of Cohesity’s range of solutions for secondary data.
The key to financial institutions’ path to digital dominance
By 2020, about 1.7 megabytes a second of new information will be created for every human being on the planet.
Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
What disaster recovery will look like in 2019
“With nearly half of all businesses experiencing an unrecoverable data event in the last three years, current backup solutions are no longer fit for purpose."
NVIDIA sets records with their enterprise AI
The new MLPerf benchmark suite measures a wide range of deep learning workloads, aiming to serve as the industry’s first objective AI benchmark suite.
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.