OPINION: NBN Co has published 2022 financial results showing a surge in cash flow and EBITDA. But its closely watched revenue per user is going nowhere, and that presents an opportunity for CEO Stephen Rue.
Answering to a new master who isn’t obsessed with privatisation gives NBN Co chief executive Stephen Rue the perfect opportunity to reset the wholesale broadband provider’s strategy.
At the end of June, 82 per cent of NBN Co users were on speeds of less than 100 megabits per second, and 76 per cent of customers had a speed tier between 50Mbps and 100Mbps.This raises a couple of obvious questions. First, why does NBN not have more to show for the billions of dollars it has invested in ultrafast fibre networks that are now available to 5 million premises?
NBN’s answers to the two questions are likely to be dribbled out over the next couple of months as it publishes a new business plan covering fiscal 2023 to fiscal 2026, and delivers to the Australian Competition and Consumer Commission a new special access undertaking covering its regulation for the next decade.NBN Co withdrew its previous SAU last month after
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NBN says broadband price rise still on the tableCompany CEO Stephen Rue says a viable pricing model is critical to keeping the National Broadband Network “financially resourced”.
Read more »
NBN goes back to the drawing boardNBN Co’s financial results and commercial expectations have collided with a Labor government that insists it must radically revise its pricing models and work in co-operation with telcos. How likely is that?
Read more »
Was Suncorp fattened up for sale?OPINION: Suncorp Bank enjoyed strong growth in the home lending market last year, but was this a short-term strategy to boost its appeal to prospective purchasers?
Read more »
BHP’s bid for OZ Minerals shows why copper is the new oilOPINION: As the world seeks greater access to the one metal essential for the energy transition, Australia needs a national strategy to be at the centre of this.
Read more »
Australia builds its first biosecurity plan amid growing disease, pest riskFederal Agriculture Minister Murray Watt says the initiative, which has been agreed upon by the states and territories, will set the strategy for tackling escalating biosecurity risks over the coming decade.
Read more »
‘Daylight should’ve been second’: The Peter Bol mistake that ‘cost him the race’Peter Bol rued that he didn’t have another 20m to win the 800m gold - but John Steffensen says his big chance came 300m earlier. 7NEWS
Read more »