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NBN scuttles Telstra's A$5.5bn securitisation plan

2017-08-30 02:00:00| Total Telecom industry news

NBN on Wednesday said it would not consent to Telstra's plan to generate up to A$5.5 billion in cash from its predicted future revenues from the national broadband network project. The decision is a blow to Australia's telecoms incumbent, which had planned to return the bulk of the sum raised to shareholders…read more on TotalTele.com »

Tags: plan securitisation scuttles telstras

Australia's NBN nearly doubles footprint in year to June

2017-08-15 08:14:00| Telecompaper Headlines

(Telecompaper) NBN Co, the company rolling out Australia's broadband network, has announced that, in the 12 months ended 30 June 2017, the number of premises ready for service almost doubled from 2.9 million to 5.7 million, exceeding the 2017 Corporate Plan target of 5.4 million. The number of homes and businesses with an active NBN service more than doubled from 1.1 million to 2.4 million. With the increase in end users, revenue more than doubled from AUD 421 million to AUD 1 billion. The 2017 Corporate Plan target was set at AUD 900 million.

Tags: to year june doubles

Australia's NBN reaches 4 million premises

2017-02-08 08:18:00| Telecompaper Headlines

(Telecompaper) NBN Co, the company rolling out Australia's broadband network, reports that a third of all Australian homes and businesses now have access to the national broadband network, with more than 4 million premises across the country able to connect to the internet over fast broadband via the network.

Tags: million premises reaches australias

Foxtel launches 'nbn' services

2016-11-03 03:30:57| Digital TV News

Foxtel has announced that it has begun offering services on the 'nbn' network to Fibre to the Premise (FTTP) serviceable customers. The move marks Foxtels initial push to offer 'nbn' services to new and current subscribers, which will accelerate in the coming months.

Tags: services launches foxtel services launches