Australia Transitions from Copper to Fibre for Faster Internet

More than one million households and businesses have upgraded from copper to fibre connections since NBN Co’s announcement, significantly enhancing average broadband speeds, with nearly one-in-three premises now at 500 Mbps or faster. NBN Co reported a revenue increase to $2.94 billion and a reduced loss before tax of $350 million, aided by a $3 billion federal investment. The Fibre Connect program aims for completion by 2030, with significant uptake in regional areas. Active connections to the NBN now exceed 8.6 million, reflecting a 0.3% growth over the past year.

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