NBN Co, the company rolling out Australia's national broadband network, has recorded a loss of $3.3 billion in the nine months to March 2018, the third quarter of the current financial year. This compares to a loss of $2.7 billion for the nine months of the previous financial year.
NBN chief executive Bill Morrow has given the clearest indication yet that he plans to continue working in Australia after he leaves the company at the end of the year, issuing a six-page "white paper" last week in which he acknowledged that the multi-technology mix NBN has suffered in speed terms due to the abundance of copper.
NBN Co, the company building the national broadband network, is ramping up its planned fibre-to-the-curb footprint, with 440,000 more homes and businesses to receive the new technology.
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Would happily pay for 250mbit but sadly speed limited on the 850mtrs of copper to 50mbit max.