Feeds

NBN Co reports smaller-than-expected loss

And Telstra sues NBN Co over pit-access deal timing

  • alert
  • submit to reddit

High performance access to file storage

NBN Co, the company formerly tasked with building a national fibre-to-the-premises network for Australia, has delivered its 2013 financials.

It's no particular surprise that the organisation has reported a loss for 2012-2013, since its first forecast profit even under the former government's plan was to be delivered in 2019. The reported total loss for 2012-2013 is $AUD903 million, well short of the $AU1.3 billion loss predicted for the year.

Since the company's projected revenue fell marginally shy of expectations ($AU17 million instead of the forecast $AU18 million), it's reasonable to suggest that the reduced loss is at least in part due to a reduction in expenditure on construction activity.

Wireless and satellite services (with 36,514 active services) still have more end user connections than fibre (33,586), but the annual report claims that “end-users were ordering services at speeds higher than assumed in the current 2012-15 Corporate Plan. Positive trends have also been experienced with average speed provisioned across all Fibre end-users of 39 Mbps at 30 June 2013”.

The report notes that end-user performance may differ from “provisioned” average speed, since NBN Co can't see past the wholesale interface to individual end users. Even so, the average suggests the new government's plan to start at 25 Mbps for all falls short of what users will buy if they can get it.

The bulk of what remains in the annual report has to be read with an eye to the federal government's operational review, which will probably recommend a fundamental shift to the project, towards rolling out fibre-to-the-node rather than fibre-to-the-premises. With an uncanny ability to sniff the wind, vendors are hard at work trumpeting FTTN futures to the Australian media.

However, The Register notes that although there's been debate about metrics such as “premises passed” to describe the NBN rollout, outgoing CEO Mike Quigley's statement in the annual report claims that year-on-year, the June quarter activations of fibre connections to the transit network rose from 290 per day (2012) to more than 1,000 per day (2013).

Meanwhile, the Australian Financial Review is reporting that Telstra is suing NBN Co over the timing of the start of payments under its $AU11 billion deal with the incumbent for pit-and-duct access.

At issue is whether NBN Co should backdate its payments to 2011, when the deal was announced, or 2012, when Telstra shareholders ratified the agreement.

With only $AU100 million - or around one per cent of the total value of the deal - at stake, the action could be seen as indicative of the importance Telstra attaches to the deal, which the government hopes to renegotiate. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.