FASTER, FASTER
NBN Co has awarded construction contracts to Ventia, Service Stream, Fulton Hogan Utilities, and Downer EDI to enable one million homes and businesses to upgrade to full fibre by ordering an eligible wholesale higher speed tier. These premises form part of the 1.5 million premises to be upgraded under the Government’s $2.4 billion investment in the nbn network.
The design and construction contracts cover the civil and fibre deployment in both metro and regional townships, and suburbs across Australia. Work commences this month and with some customers expected to benefit during 2024.
The announcement builds on nbn’s existing fibre upgrade investment already underway, which takes the total premises to 3 million. The company is supporting growing demands from Australian businesses for faster speeds and more data. Research indicates that 40 per cent of businesses are using video conferencing, cloud storage or cloud-based software.