The NBN Co has quietly released its third-quarter results for the 2018-19 financial year, showing a growth of 45% in revenue to $2.0 billion year-on-year, but still continuing to bleed red ink with a loss of $2.7 billion for the financial year so far. This takes the accumulated losses to $20.7 billion over the lifespan of the company.
The Australian Labor Party will not make any quick changes to the rollout of the national broadband network if it comes to power in the Federal Election later this year, but will take a "responsible" approach to the project.
The Australian Labor Party has described as "ridiculous" a claim made by the government that the NBN Co — which released its half-yearly results on Monday — was continuing to exceed its targets.
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