New Zealand telco Spark has announced a downward revision in its FY25 financial guidance, citing challenging market conditions.
The NBN Co continues to have a problem with the affordability of its network, independent telecommunications consultant Paul Budde says following the company's announced of its FY22 results on Tuesday.
The NBN Co, the company rolling out Australia's national broadband network, recorded $5.1 billion in revenue for the full-year 2021-22, an increase of 10% year-on-year. But the company has yet to hit profitability, with the loss for the period being $1.46 billion.
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.
The NBN Co, the company rolling out Australia's national broadband network, has made no progress on raising the average revenue per user, which remains stuck on $44, the same as that recorded for full-year 2018, even though other metrics have shown an increase.
The quest by the NBN Co to push up the average revenue per user is ill-fated as this would lead to a rise in retail prices, which would in turn, result in a drop in the number of paying customers, a network expert claims.