In a recent report covering a period of the past nine months, the market footprint for nbn services was seen to be continually growing, with large increases in serviceable premises, end users and revenue.
The cumulative number of homes and businesses that can order an nbn service is now approximately 899,000 – a near doubling since 31 March 2014.
Approximately 12,300 premises are being made serviceable every week – an increase of 73 per cent on the 12-week rolling average for the comparative period.
This has led to an uplift in both nbn users and revenue.
The number of premises with an active nbn service grew by 133 per cent since 31 March 2014 to approximately 389,000. Cumulative telecommunications revenue for the period exceeded $100 million – an increase of 179 per cent on the comparative period.
Consistent with a company in build phase, and one that is laying the foundations for an escalation in rollout activity using a more flexible mix of technologies, nbn incurred $2.2 billion in capital expenditure in the period; an EBITDA loss of $785 million; and operating expenses of $893 million.
nbn CEO, Bill Morrow said, “The company has made solid operational and financial progress over the period. That is a direct result of our investment in our people, improvements in the way we roll out the network and in the way we work with our partners.
“It puts us on the path to achieving our full-year targets of around one million serviceable premises, around 480,000 activations and around $150 million in annual revenue. The recent repositioning of the nbn brand from that of a utility function to a visionary company that will deliver positive benefits for every Australian will also help materially drive activations and bring forward revenues.
“The next stage of the company’s development requires a step change in performance. Work underway puts us in a solid position to make that transition so we can meet our goal of a truly national broadband network that will drive a competitive and productive Australia.”
During the quarter, the company launched its Fibre to the Building (FttB) product and has begun activating FTTB services.
nbn is also doubling the size of preliminary Fibre to the Node construction to encompass approximately 400,000 premises, including for the first time communities in NT, SA and WA, as well as additional premises in NSW, Queensland and Victoria.
The company continues to anticipate that ACCC approval of its agreements with Telstra and Optus for use of certain copper and HFC assets will be finalised as soon as possible.
