National broadband network operator NBN Co has announced the extension of its fibre network rollout, with the second tranche to pass 100,000 premises on the way to the goal of 2 million premises with fibre by the end of 2023.
The NBN Co, the company rolling out Australia's national broadband network, says it has exceeded both revenue and EBITDA for the first half of the current financial year, which could put it in a position to achieve positive full-year results for the first time. Losses fell from $2.817 billion for the first six months of 2019 to $2.113 billion for the first six months of the current financial year.
One of former prime minister Malcolm Turnbull's contributions to the national broadband network, the HFC network, has been termed a dog's breakfast by a retail service provider.
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