Australia’s competition regulator the ACCC says a new regulatory model for the National Broadband Network is one step closer after a telecommunications industry roundtable last week brought together NBN Co, broadband retailers, industry groups, consumer representatives and government.
The number of higher speed broadband services in Australia has exceeded 5 million for the first time, jumping from 4.9 million to over 5.2 million last quarter, according to a new report from the Australian Competition and Consumer Commission (ACCC).
NBN Co has further extended its National Broadband Network 40% additional wholesale Connectivity Virtual Circuit (CVC) capacity offer at no extra cost to Internet retailers until the end of November.
National Broadband Network operator NBN Co has extended its offer to provide up to 40% additional capacity to Internet providers, at no extra cost, for another two months - through the June and July billing periods - as part of its support for telecommunications retailers during the COVID 19 pandemic.
The Labor Party has called for retail telecommunications providers to be considered for temporary capacity charge relief, in the event NBN speeds become congested as COVID19 leads more employees and children to use the internet from home.
Competition by wholesale access seekers to connect to the National Broadband Network is heating up, with at least nine wholesalers now connecting directly to the NBN and with over 6.1 million residential broadband services being delivered by the NBN across Australia.
Telstra continues to dominate the market for services on the NBN, well ahead of all other telcos, with just under half of the services nationally. The good news is that there has been a significant increase in CVC acquisition across the industry by retailers.
The largest players who are providers of the NBN broadband service look to be the main beneficiaries of the new wholesale pricing model announced by NBN Co today.
The nbn, which is building Australia’s broadband network, has announced a new tiered model for its wholesale Connectivity Virtual Circuit (CVC) charge with a price as low as $11.50 depending on the average CVC bandwidth that industry provisions to all end users.
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