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Broadband

NBN Co FY revenue jumps 43% on 1.5 mln additional premises activations

Thursday 15 August 2019 | 12:22 CET | News
NBN Co, the company building and operating Australia's broadband access network, saw its revenue increase by 43 percent year-on-year to AUD 2.83 billion for the year ended 30 June 2019 (FY19). Revenue growth was mainly boosted by the activation of more than 1.5 million additional premises in the period. EBITDA, after excluding subscriber payments of around AUD 2 billion to Telstra and Optus, reached AUD 608 million, which compares to a loss of AUD 103 million in FY18. Capital expenditure amounted to AUD 5.9 billion in FY19, which represents a 3 percent increase year-on-year.

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Categories: Fixed
Companies: NBN Co
Countries: Australia
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