The annual losses incurred by NBN Co, the company rolling out Australia's national broadband network, have been halved in 2019-20 year-on-year, according to the company's results which were announced on Tuesday.
As the COVID-19 pandemic surges again, the company that is rolling out Australia's broadband network has announced it would be sacking 800 employees before the end of the year.
NBN Co says it has achieved or exceeded its National Broadband Network construction targets for 25 consecutive months by more than 230,000 premises, making 11.73 million premises ready to connect by 30 June this year.
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