Revenue is expected to increase from $2 billion in 2018 to $5.6 billion by 2022.He said there had been “variations” to the forecast as the plan shifted to focus more on the consumers. Around half the new money will go towards unexpectedTelstra and TPG Telecom's share prices dropped 4.18 per cent and 7.04 per cent respectively by 2.20pm on Friday. The NBN Co expects earnings (before interest, tax, depreciation and amortisation) to move into the black in fiscal 2021, at $1.3 billion, with cash flow to become positive in 2022 at $100 million. "However, opposition communications spokeswoman Michelle Rowland questioned the narrative that NBN Co was beating its targets, pointing out it had actually missed the targets outlined in the 2019 corporate plan.NBN Co secured $6 billion of borrowing facilities on private debt marketsNBN Co has been mostly immune to the economic ravages of the coronavirus crisisHow this winery is making its long-distance relationship workTelstra, has stopped selling 100 Mbps plans on fibre to the node connections altogether. This has seen theAnnouncing NBN Co’s corporate plan for 2019-22, Mr Rue told Fairfax Media he didn’t think the extra cost would be a “significant impost on the company at all”, pointing to strong cash flows. 2015 But the bottom line figure masked its healthiest revenue result to date of more than $3.8 billion, $137 million above projections. Very large text size New NBN Co chief executive Stephen Rue has lifted the expected cost of the network rollout to $51 billion, with the infrastructure giant planning to raise an extra $2 billion from private sources around 2020. Labor's NBN blowout to take three years longer, cost $29bn more A SCATHING review of Labor's NBN rollout has found the project would take three years longer to complete and cost an extra $29 billion. The $51 billion National Broadband Network will be completed on time and within budget by mid-2020, according to the project's chief executive Stephen Rue. The yet-to-be-completed NBN has already cost taxpayers $5 billion more than the superior iteration originally proposed, and will require an estimated $16 billion worth of further upgrades to render it fit-for-purpose in the 2020s, Dr Gregory said. New Street Research analyst Ian Martin said NBN Co may be considering using some of the $6 billion for much-needed upgrades.Disgruntled NBN customers may be in for a pleasant surprise after cryptic comments by chief executive Stephen Rue fuelled speculation he was preparing to bring forward network upgrades. 'It's happening': digging begins at Adani's $2b Carmichael mineAustralian designers join forces to win Chinese hearts'More brutal than beautiful': Bentley coupe bulks upAustralian fashion is all dressed up ... with nowhere to goVirtual board meetings set to become an occasional affair"The government has the right to shift their forecasts in the corporate plan, but not if the sole purpose is to manufacture a media narrative that distracts from the underlying trend. In its latest corporate plan released today, NBN Co predicted 80 per cent of Australian homes and businesses would be connected to high-speed broadband by the end of the 2019 financial year. In May NBN announced that it would be targeting premises that were already serviced with fibre by rival TPG. "The 2020 corporate plan saw a significant revision downward in targets for FY2020, and this makes it easier to exceed the stated target and claim credit for doing so," Ms Rowland said.At the Big Pineapple of politics, trust in Trump is absoluteThe $2.41 billion figure was higher than expected as 250,000 extra customers opted to switch on the NBN, triggering more one-off payments to Telstra and Optus.The copper lines are so unreliable that NBN's biggest retailer,WAM Microcap, Bevan Slattery back AUCloud in fresh fund raiseThe unlikely beauty company that sells 17 products a minuteThe tech companies that think it's time to end working from homeAt the 'Trump House' in the Pennsylvania town of Latrobe, a mother of eight has painted her crumbling farm house in America's national colours. That was despite forgoing $80 million in bandwidth discounts, part of NBN Co's COVID-19 relief measures.Mr Martin said that given the NBN had secured the funding on private markets, the $51 billion figure was no longer really relevant because no further investment from the federal government was necessary.
The customer experience investments that we’ve made I think are the right decisions,” Mr Rue said.NBN Co’s funding was previously expected to peak at $49 billion, with a public equity funding commitment of $29.5 billion and a commonwealth loan facility of up to $19.5 billion. “I am pleased, actually, to be able to deliver a plan ... with a completion date for 2020. Think of it as the Big Pineapple of politics.Announcing NBN Co's full year results on Tuesday, which included better than expected annual revenue but an overall loss of $3.8 billion, Mr Rue chose his words carefully when asked whether he would exceed NBN's peak funding of $51 billion.The year marked the official end of the NBN rollout.What’s next in fashion? "Apple, Microsoft, Amazon and Alphabet, which helped to fuel the rally off the March lows, were among the biggest drags.Lots of energy plans, but still no clear direction on policyCapital expenditure fell to $5.04 billion from last year's $5.9 billion. Mr Rue said this $700 million capex blowout was largely a result of bringing so many activations forward, though he did not go into much detail.
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