Displaying items by tag: Stephen Rue

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.

Published in Telecoms & NBN

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.

Published in Telecoms & NBN

The Federal Government says national broadband network operator NBN Co has demonstrated “operational and financial resilience” during the initial phase of the COVID-19 pandemic and has welcomed the company’s “strong” 2019-20 third quarter results.

Published in Telecoms & NBN

The NBN Co, the company rolling out Australia's broadband network, has created a $150 million fund to help low-income families with home schooling and small and medium-sized businesses and households who face financial issues during the coronavirus lockdown.

Published in Telecoms & NBN

Congestion, and outages across the national broadband network have remained at low levels, with no material increase compared to previous months due to increased usage across the network during the COVID-19 pandemic, according to NBN Co chief executive Stephen Rue.

Published in Telecoms & NBN

The company rolling out Australia's national broadband network will waive charges for up to 40% additional use of CVC by retail service providers from 23 March onwards due to the additional load on the network, after many Australians started working from home this week after the coronavirus started spreading in the country.

Published in Telecoms & NBN

The organisation building Australia's national broadband network says it is well advanced with contingency plans to cope with increased usage of the network as Australians are forced to work from home due to the coronavirus outbreak.

Published in Telecoms & NBN

NBN Co, the company building Australia’s National Broadband Network, lifted total revenue by 39% to $1.81 billion for the six months to the end of December 2019, with company chief Stephen Rue declaring the result “outstanding during a crucial time of the build”.

Published in Telecoms & NBN

Another day, another set of quarterly results from the NBN Co, the company rolling out Australia's broadband network, but little change from earlier quarters. For the first quarter of FY 2020, the company said on Tuesday it had recorded losses of $1.18 billion, compared to $875 million a year earlier.

Published in Telecoms & NBN
Friday, 01 November 2019 11:15

Small businesses lag in digital tech investment

Many of Australia’s small businesses have not fully realised their potential because they lack the skills, time or resources to invest in digital technology - or because they lack knowledge of the opportunities that technologies provide.

Published in Telecoms & NBN

The NBN Co's latest attempt to put lipstick on a pig — the animal in this case being the network it is building and the make-up in question being speed — goes one step further than the "alternative facts" which its former chief executive, Bill Morrow, used to dish out.

Published in Open Sauce

Australia's broadband builder NBN Co says network building will continue beyond the stated deadline of June 2020, to hook up 100,000 premises defined as "complex installations, which include properties that are difficult to access and some culturally significant areas and heritage sites".

Published in Telecoms & NBN
Thursday, 15 August 2019 05:01

NBN boosts revenue, profits, customer signups

Australia’s National Broadband Network has recorded net profits of $608 million for the full year 2019 – up from a loss of $103 million last year and after excluding subscriber payments of around $2 billion to Telstra and Optus.

Published in Telecoms & NBN

NBN Co has launched its Sky Muster Plus wholesale service which allows homes and small businesses in the NBN satellite footprint to access unmetered data for essential online activities.

Published in Telecoms & NBN
Wednesday, 31 July 2019 10:54

Former Telstra exec joins NBN Co

NBN Co has appointed Will Irving as its chief strategy and transformation officer.

Published in People Moves

The NBN Co has quietly released its third-quarter results for the 2018-19 financial year, showing a growth of 45% in revenue to $2.0 billion year-on-year, but still continuing to bleed red ink with a loss of $2.7 billion for the financial year so far. This takes the accumulated losses to $20.7 billion over the lifespan of the company.

Published in Telecoms & NBN

NBN Co, the company rolling out Australia's national broadband network, has increased the average revenue it earns per user by a dollar to $45 and has more than 4.6 million premises connected as of the end of the half-year 2019, the company's chief executive Stephen Rue says.

Published in Telecoms & NBN

The NBN Co, the company rolling out Australia's national broadband network, plans to create new plans for businesses in order to earn $1 billion in revenue from the sector.

Published in Telecoms & NBN

Fast-broadband connectivity is contributing to a boom in female entrepreneurship and giving women more flexibility to choose where and how they work, according to a new research report.

Published in Telecoms & NBN

Poor Stephen Rue. Having been handed the equivalent of a shit sandwich by his illustrious predecessor Bill Morrow, all that the new chief executive of NBN Co can is to pony up when the company's quarterly results are due and go through the motions.

Published in Open Sauce
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