nbn reported a strong Q1 FY17 result, with the company demonstrating continued momentum and further ability to scale the business leveraging the multi-technology mix (MTM) to bring broadband access to more Australians.
Key Q1 results:
- Additional 338,000 premises Ready for Service, 3.2 million in total;
- Additional 280,000 active end users, 1.4 million in total;
- AU$181 million revenue.
The increase in premises Ready for Service (RFS) has gained traction through Fibre to the Node (FTTN) network construction efficiencies with more than one million homes now able to order an FTTN or Fibre to the Basement (FTTB) service.
FTTB and FTTN were introduced in February and September 2015, respectively and, with the MTM model now in place, the rollout continues to accelerate (recently adding more than 67,000 homes and businesses in a single week).
The number of end users with retail services over the nbn network has also increased to 1.4 million at end September.
Q1 revenue was AU$181 million, a 148% increase over Q1 FY2016.
Commenting on the result, nbn CEO Bill Morrow said: “It’s pleasing to see nbn delivering on plans and gaining efficiencies as we rollout the nbn network at scale. The next two years will be even tougher, as we double our efforts to bring access to fast broadband to all Australians by 2020.
“The MTM foundations have now been put in place, with all major contracts signed, and associated systems and processes now built for speed. The latest technology to launch – HFC – will start to gain momentum in the second half of the year, while the benefits of the fast-to-implement FTTN are currently helping drive an overall footprint expansion.
“We are now 30% complete in terms of current premises able to order a service and working towards it being almost one in two by the end of June. Notably, the non-metro footprint is now 43% complete and we have more than 30,000 end users on the Sky Muster satellite service. Of the nearly 3,500,000 homes that can order an nbn service, around 70% of those are in non-metro Australia.”