A total of $78 million in bonuses was paid to employees of NBN Co, the company that is rolling out Australia's national broadband network, in the 2020 financial year, when the country went into recession.
The NBN Co, the company rolling out Australia's national broadband network, says it has exceeded both revenue and EBITDA for the first half of the current financial year, which could put it in a position to achieve positive full-year results for the first time. Losses fell from $2.817 billion for the first six months of 2019 to $2.113 billion for the first six months of the current financial year.
NBN Co has been named Sydney Festival’s first Regional Partner in a move the National Broadband operator says will help connect audiences across Australia with creative content and cultural performances.
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