Australia’s nbn is on track to complete its network build by 2020 by which time it should have 8 million premises connected, according to nbn’s newly released its Corporate Plan 2017.
“We’ve had a terrific 2016 financial year, exceeding the company’s key targets set by the Board,” stated nbn CEO Bill Morrow. “During the year we completed the Multi-Technology Mix (MTM) by introducing three new products to market: Fibre-to-the-Node, the Sky Muster™ satellite service and HFC. We have strengthened our relationships with our partners; finalised contracts to the end of the build; and, improved data quality. These factors have enabled nbn to minimise many of the uncertainties and cost assumptions in the business. This has led to a projected decrease in the top end of the peak funding range, now $46-54 billion, down from $46-56 billion in the 2016 Corporate Plan.”
Some key points:
- Currently, nearly two thirds of all Australian premises are either in design, construction or able to order an nbn service.
- Increased annual revenue for FY2020 to an estimated $5bn, with ARPU forecast to $52;
- Remains on track to complete network build with peak funding of $49bn;
- Decreased top end of peak funding range by $2bn to $46-54bn; and,
- Increased IRR to 3.2 – 3.7 per cent.
