Latest numbers from the ACCC reveals 56% of National Broadband Network (NBN) customers are now on 50MBps or above plans, notching nearly 2.7 million subscribers.
According to the ACCC’s Wholesale Market Indicators Report, NBN residential connections lift 6.8% in the December quarter to 4.8 million.
The number of consumers taking up high speed internet plans has continued to grow – jumping from 159,000 in December 2017, to 2.3 million services at the end of 2018.
A large number of consumers are opting for 50Mpbs or above after switching from ADSL or HFC.
It follows the launch of the NBN Co’s promotional Focus on 50 wholesale pricing offer in 2017, recently replaced with new wholesale bundle offers for 50Mbps and 100Mbps services.
“It’s good to see that retail services providers (RSPs) have been able to offer higher speed plans at more affordable prices – thereby giving many consumers more choice,” asserts ACCC Chair Rod Sims.
Despite this, there remains 1,164,157 customers on the lowest 12Mbps NBN speed plan.
Connectivity Virtual Circuit (CVC) – the NBN bandwidth acquired by RSPs to provide customer data – dropped slightly on a per user basis over the quarter, from 1.71Mbps to 1.65Mbps.
The ACCC claims the introduction of new wholesale plans at the end of the Focus on 50 promotion contributed to this drop.
“We will continue to monitor the amount of CVC RSPs provide to their customers, and whether customers are getting the service they are paying for, including those on the lowest speed plan,” states Mr Sims.
Further information is available on the ACCC’s website here.
[ACCC]
