Tuesday, 26 November 2019 12:09

Aussie Broadband makes Deloitte Tech Fast 50 with big jump in revenue

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Aussie Broadband makes Deloitte Tech Fast 50 with big jump in revenue Image stuart miles, FreeDigitalPhotos.net

Broadband retail service provider Aussie Broadband has achieved average revenue growth of 308% over the last three years to gain a listing as the only telco in this year’s Deloitte Technology Fast 50.

The company won 4th place in the leadership category and was also listed as #21 in the technology Fast 50 sector.

The awards were announced at a ceremony in Sydney on Monday night, with Aussie Broadband director Phil Britt saying that: “The award acknowledged that we have dramatically grown our market share and over the past 3 years,” and “we are now the fifth largest provider of new NBN services in Australia.”

The Deloitte Technology Fast 50 ranks Australia’s fastest growing technology companies, based on their percentage revenue growth over the last three years (2017-19) - and to qualify, each company must have minimum cumulative revenues of $8m over the period.

Britt said that a number of initiatives had contributed to the company’s growth, including automated systems and Aussie Broadband’s “strongly-held core values”.

“Aussie Broadband was formed from a merger between Wideband Networks, started by myself and my business partner John Reisinger in the Latrobe Valley, and Westvic Broadband based in Warrnambool, back in 2008,” he said.

“I firmly believe regional Victorian culture has played a strong role in our success, especially our awesome staff with their “no bullsh*t” approach. This award wouldn’t be possible without them.

:Britt said Aussie Broadband believed today’s announcement from NBN is good news for consumers, specifically:

  • Higher speed - NBN’s focus is now moving to the 100/20 tier (a slightly different product to the current 100/40 tier) to encourage customers to move onto 100 download speeds. As a result, we will probably see prices drop for this speed tier in coming months.
  • Enough bandwidth - the increased CVC that NBN is going to include in its wholesale plans means that even though customers are continuing to increase their data usage, they should continue to see good bandwidth performance from their providers for the next 12 months.

"Aussie Broadband is also extremely pleased with the news that NBN will allow providers to pool all their bandwidth (CVC) nationally. This means we can manage bandwidth peaks and troughs at a national level rather than at each of the 121 points of interconnect across Australia, and saving considerable effort and “overage” costs," Britt added.

Deloitte Technology Fast 50 Lead Partner, Josh Tanchel, said: “Simply making the 2019 Deloitte Technology Fast 50 Australia Awards is an achievement, but to be named among the top contenders in the Leadership category is a significant statement about the company,”

“Deloitte is proud to celebrate the achievements of Australia’s brightest technology innovators and look forward to working with them as they grow in the future.”

For a full list of winners click here.

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