NBN clears positive full-year EBITDA hurdle for first time
Revenue has increased 21% and EBITDA has turned around by AU$2 billion for NBN.
Revenue has increased 21% and EBITDA has turned around by AU$2 billion for NBN.
Revenue is up 23% to AU$3.5 billion for the nine months to March 31, but the average spend per user is stuck well below NBN's stated aim of AU$51.
The declaration is one of the steps that need to be taken to eventually sell off the company.
Government-owned business states it ended up with the lowest coupon rate for an Australian corporate.
Following the peak of its subscriber payments to Telstra, the national broadband wholesaler recorded positive earnings of over AU$100 million.
Although it initially wanted AU$2 billion, Australia's broadband wholesaler walked away with a AU$6.1 billion line of credit.
EBITDA drops by 40% as payments to telcos ratchet up to almost AU$1.5 billion in the six months to December 31.
NBN has broken down the over 500,000 faults it received in 2018-19 fiscal year.
Reducing residential upload speeds on the 250Mbps tier from 100Mbps to 25Mbps allows for an AU$80/month saving.
Faults on the National Broadband Network are being logged at a rate of over 1,370 each and every day.