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.
The union representing workers at the NBN Co has levelled strong criticism at the company over the fact that chief executive Stephen Rue has given himself a $1.2 million bonus while overseeing a cost blowout of $6.7 billion and not taken 300,000 premises into account in the rollout plan.
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