NBN Co. Published by L. Granwal , Jul 29, Initially budgeted at In , the budget had reached 51 billion Australian dollars and the initial completion date had been moved by four years to mid However, despite criticism of the cost and timeline, NBN Co has performed well in recent years.
In , the revenue of NBN Co exceeded 3. The network is also growing rapidly as it nears the finish line, with almost 12 million ready to connect RTC premises at the end of the financial year and NBN Co announcing that the initial build was complete in September TPG, Optus, Vocus group, and the formally public-owned Telstra, all hold considerable portions of the retail broadband market.
While wholesale prices are regulated at a fixed price, there is still some variation in retail pricing from RSP to RSP, depending on the wholesale speed tier , and how it is bundled. With almost 90 percent of the population actively using the internet , Australians rely on their internet connections for both work and leisure.
However, even with the completion of the NBN, Australia ranks relatively poorly in terms of internet speeds compared to other countries. In , average download speeds for fixed broadband were around 45 Mbps whereas world internet speed leaders, Singapore and Hong Kong, left Australia in the dust with speeds of around four times that of Australia.
This text provides general information. To achieve this ranking, however, the company has largely relied on subscription speeds — the price people are paying for — rather than actual achievable speeds, and weighted it down against the availability of broadband, where countries where fewer households have internet access are penalised.
Alpha Beta has used this because it is something collated by governments and more easily verifiable. This is a strong position and a great benchmark for us to continue our mission to improve. The communications minister, Paul Fletcher, said he welcomed the insights provided by Alpha Beta. Other countries like the United Kingdom ranks 45th, New Zealand ranks 24th, Canada ranks 16th and the United States ranks 11th on the global speed test rankings. Speedtest Global Index. Getty Image.
Shivanshu Asthana, a senior IT consultant based in Melbourne says internet speed can have a huge impact on a nation. In addition to two wires at most homes, the U. This story is part of a series on how other countries have dealt with their own broadband networks and what Australia could learn from their experiences.
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