NBN connections hit 736,000 as revenue blooms

The final six months of 2015 was a busy period for nbn, which revealed it had achieved another half-year of meeting or exceeding its targets.

End-user activations over the period increased by 128%, with nbn breaking the 10,000 activations per week threshold in December.

As of the end of the year there were 736,000 premises with an active nbn connection, while the network was in reach of nearly 1.7 million premises.

Total revenue for the six months meanwhile grew 152% year-on-year to $164 million. Average revenue per user (ARPU) stood at $43 per month.

During the period nbn also launched the first NBN satellite, Sky Muster. The first retail services are expected to be delivered over the network in April or May.

“Today’s result solidifies 2015 as a year where we met or exceeded every target the board set for the company, and is a clear signal we will reach our fiscal year goals,” nbn CEO Bill Morrow said.

“There is accelerated growth across all areas of the network, while important milestones are continually achieved with customers, industry partners and the nbn workforce. The organisation is focused on delivering our full year commitments and on bringing the benefits of fast broadband to more and more communities across Australia.”

Another milestone for the period was the commercial launch of the nbn’s FTTN product. There are now around 120,000 premises ready for service in initial FTTN launch areas, with another 600,000 premises currently under construction.

Pictured: Bill Morrow, nbn CEO. Courtesy of nbn.