Australian government promises $1.9 billion to complete full-fiber NBN
January 15, 2025
The Australian government has topped up the national broadband network (NBN) project with an extra 3 billion Australian dollars (US$1.85 billion), promising to make the network all-fiber by the end of the decade. The extra cash, in the form of an equity injection into NBN Co., along with AU$800 million ($492 million) from the company, will allow 622,000 FTTN premises to upgrade to FTTP, said Prime Minister Anthony Albanese. When the upgrade is complete, 94 percent of premises on the fixed-line network—a total of 11 million homes and businesses—will have access to downlink speeds of up to 1 Gbit/s, he said.
Australian government promises $1.9B to complete full-fiber NBN