NBN hits million premises mark

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NBN hits million premises mark

First of three targets met.

The national network builder has come in ahead of its self-imposed deadline to enable one million premises to order NBN services by June 30.

The company today announced 1,011,973 premises are now able to order NBN services.

Of that, 571,527 brownfields and 180,796 greenfields premises are able to order fixed-line services, Communications Minister Malcolm Turnbull said today.

An additional 220,917 premises are able to order services in fixed wireless, and 38,743 premises have connected to the interim satellite service.

Turnbull said he hadn't included those premises that had been passed but which are unable to order a service - known as service-class zero - which would have added ten percent to the total number.

Over the last 18 months, the amount of premises unable to order a service despite having been passed with fibre has dropped from 31 percent to 10 percent, Turnbull said.

The national network builder last month revealed it had a weekly run rate of 12,300 premises passed - a significant increase on the 7000 premises it was adding weekly in the same period last year.

The premises passed target is just one of three milestones NBN is hoping to achieve by the end of the financial year.

It is aiming to generate around $150 million in telecommunications revenue during the 2015 fiscal year and see 480,000 premises activated.

Around 90,000 premises will need to take up services on the NBN before the end of the month for the company to meet the latter target. Currently 390,000 premises have actively taken up services on the national broadband network.

The company is, however, likely to meet its target of $150 million in telecommunications revenue after posting telco earnings of $106 million - its strongest result so far - in its most recent third-quarter results.

Overall, NBN’s losses jumped as it worked through the investment-intensive phase of the project.

It reported a total loss of $1.4 billion during the past nine months as its capital expenditure reached $2.2 billion, and revealed government investment in the network so far sat at $11.8 billion out of its $29.5 billion commitment.

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