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Sunday, July 14, 2024

NBN Co Welcomes $2.4 Billion Government Investment

NBN Co has welcomed the Government’s commitment to invest $2.4 billion to roll out more fibre to communities across Australia. The new investment will enable an additional 1.5 million homes and businesses currently served by Fibre to the Node (FTTN) to upgrade to Fibre to the Premises (FTTP).

Full fibre connections will help deliver faster broadband speeds, better reliability, are more energy efficient and support the provision of additional data capacity across the NBN network. These upgrades will help ensure eligible customers can more effectively work from home and operate online businesses, participate in online education, engage in telehealth consultations, stream entertainment and connect with friends and family.

Eligible customers living and working in eligible premises within the suburbs and towns that comprise the additional 1.5 million premises footprint will be able to order a higher speed service by the end of 2025.

NBN Co will make further announcements on the suburbs and towns that will be included in the plans to extend fibre to 1.5 million additional premises in coming months.

Research commissioned by NBN Co and undertaken by Accenture has indicated that the economic impact of upgrading an additional 1.5 million premises to higher speed FTTP connections could generate a GDP uplift of up to $20 billion by 2030.

To trigger a full fibre upgrade, eligible customers will need to place an order with a participating retailer for a plan based on an eligible wholesale speed tier2. These include NBN’s three highest residential speed tiers: NBN Home Fast, which offers wholesale download speeds of up to 100 Mbps, NBN Home Superfast, which offers wholesale download speeds of up to 250 Mbps, or NBN Home Ultrafast (FTTP), which offers wholesale download speeds of close to 1Gbps3.

NBN Co’s original program to enable full fibre upgrades to up to two million premises served by FTTN is already well underway. Design and construction activity has been completed within many suburbs and towns across Australia and will enable around 550,000 premises currently served by FTTN to upgrade to FTTP by the 31st of December 2022.

The company is on track to enable around 10 million premises across Australia to access NBN Home Ultrafast, offering wholesale download speeds of 500 Mbps to close to 1Gbps, by the end of 2025.


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