NBN chief admits it is ‘unlikely’ to hit revenue per user target

NBN Co chief executive Bill Morrow has gone on record to say that its recent price discounts have left it “unlikely” to hit its average revenue target for each home and business connected by 2021.

Average revenue per user has generally been forecast to reach $52 by the end of the national broadband network rollout. That is if the NBN Co intends to deliver on the $5 billion revenue projections it has.

The results for the six months to December 2017 found the average revenue was $44.

At the company’s half-year announcement on Monday, Mr Morrow said that NBN Co was “probably unlikely” to reach its $52 target due to price promotions and discounts announced in December. “We still expect to get to $52 but later in time,” he said.

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