Networking solutions provider NetComm Wireless has extended its agreement with NBN Co, to supply reverse-powered distribution point units, known as High port count DPUs, to the company rolling out Australia's national broadband network, the NBN.
Listed networking solutions provider NetComm Wireless has turned around the business from a loss in 2017 to a profit of $8 million for the full-year 2018 on the back of a 69% revenue increase to $181.7 million.
NBN Co, the company building the national broadband network, is ramping up its planned fibre-to-the-curb footprint, with 440,000 more homes and businesses to receive the new technology.
Australian networking solutions provider NetComm Wireless will supply hardware for the rollout of fibre-to-the-distribution-point connections — what the NBN Co calls fibre-to-the-curb — to about a million premises, the company's chief executive Ken Sheridan says.
Listed communications firm NetComm Wireless has reported record revenues of $88.6 million for the six months to the end of December 2017.
NetComm Wireless acting chief executive Ken Sheridan has moved into the top post permanently as the telecommunications hardware manufacturer announced its financials for the first half of FY 2017, reporting a loss of $1.7 million.
NetComm Wireless has made three appointments to its senior management team – a new chief strategy officer, and in October, a new chief operating officer and new chief financial officer.
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