NBN connections will peak this year

Source: NBN

NBN will make ready another 3 million homes this year as the national internet broadband service heads toward being a self-supporting business.

In its latest corporate plan, the authority says it expects to be cash flow positive in the 2021 financial year with $5.4 billion in revenue from 8.6 million active services paying an average of $52 per month.

This financial year is its biggest with 3 million additional premises expected to be made ready after adding 2.8 million in FY17.

In the 2019 financial year, another 2.5 million homes are expected, with the final 400,000 scheduled for 2020.

The roll-out:

Source: NBN

CEO Bill Morrow the strategy remains unchanged to have the network built and eight million premises connected tby 2020.

He says NBN is on track to deliver the network for $49 billion.

“We remain confident we can deliver on our promise to have the country connected in 2020 within $49 billion,” he says.

The NBN numbers at a glance:

Source: NBN

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