FTTN revenue begins to trickle in for NBN

More than 2 million premises now hooked up to network

For the first time since the technology launched last year, NBN has recorded revenue from fibre to the node (FTTN). Albeit only a trickle, even by the standards of the still-under-construction National Broadband Network.

For the nine months to 31 March, NBN recorded FTTN revenue of $3 million. Unless the current blueprint for the network is rollout is upended FTTN is set to be one of the key technologies used by NBN.

However, for now it still remains dwarfed by fibre to the premises (FTTP), both in the number of connections and in revenue.

In its Q3 results, NBN reported total revenue of $275 million for the year to date, with $151 million of that from its 725,071 active FTTP connections. FTTN, which only launched in September, accounted for 43,553 connections.

In total, at the end of the quarter NBN had 902,948 active connections.

Bill Morrow CEO was characteristically upbeat about the results. “It’s our eight successful quarter in a row,” he told a results briefing.

“Virtually every key objective we have in our plan is either on or ahead of target. Over the last two years we have aligned the organisation around meeting current objectives and at the same time driving initiatives that enable the company to scale so we can continue to double the volumes, year after year and the results are coming through.”

The results release is significant not just for recording FTTN revenue for the first time, but it also because it revealed that the network now has more than 2 million premises able to order a service.

“In this past quarter the company passed the 2 million milestone for premises ready for service,” Morrow said. “This is a significant milestone and a clear demonstration of how the team is hitting its stride.”

Read more: Budget 2016: NBN approaches limit of government funding

NBN’s Q3 results release is also the last before the official launch of the final component of the ‘multi-technology mix’ network, hybrid fibre-coaxial (HFC). And it’s also the last results release before the federal election, which could potentially reshape the rollout for a second time (though the details of how are not yet clear)

Operating expenses for the year to date grew to $1.35 billion, up 51 per cent from the comparative period in the company’s previous financial year.

NBN reported negative EBITDA for the quarter of $383 million (compared to a loss of $288 million for Q3 last year). For the year to date it recorded an EBITDA loss of $1.07 billion (compared to an EBITDA loss of $785 million in the comparative period).

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags broadbandnbn conational broadband networkNational Broadband Network (NBN)

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Rohan Pearce

Rohan Pearce

Computerworld
Show Comments

Brand Post

Bitdefender 2018

Secure and Save before time runs out with Bitdefender Exclusive Clearance Offer! Get Bitdefender Total Security 2018 Now!

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?