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NBN Ready-For-Service Premises Pass 2 Million Mark

NBN has today released its 2016 third quarter results, revealing that the number of premises ready-for-service has reached 2.01 million.

In total, a further 338,287 homes and businesses were added to the NBN network footprint over the three months, with 902,948 premises having an active NBN service as of March 31.

During the quarter, 166,896 new homes and businesses signed up to the network.

NBN’s revenue for the quarter was $111 million, up 158 per cent year-on-year. Average revenue per user of $43 was up 10 per cent year-on-year.

EBITDA came in at a loss of $383 million, as opposed to a loss of $288 million in last year’s corresponding quarter.

NBN CEO Bill Morrow noted that, on average, 14,000 new premises are being connected each week.

“We continue to demonstrate our ability to scale and deliver against increasingly challenging targets,” Morrow commented.

Morrow stated that reaching the 2 million premises ready-for-service mark is “a huge achievement”.

“We are successfully integrating the final components of our technology mix in the NBN network, with the Sky Muster service now launched and the HFC product on track to launch in the coming months,” he commented.

NBN has also released figures showing the impact of video streaming a year on since the launch of a number of platforms, with the average download per month on an NBN service increasing 56 per cent from March last year to 114 GB per month in March this year.

NBN states NBN users consume approximately one third more data than the national average connection, at 112 GB per month, as at December 2015, compared to the Australian Bureau of Statistics national average of 83 GB per month at the same time period.

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