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NBN Co’s earnings surge despite CVC capacity freebies
NBN Co’s earnings surge despite CVC capacity freebies
Do NBN Co’s latest financials suggest that the company got its CVC pricing wrong from the outset? Credit: Supplied
NBN Co CEO Stephen Rue has flagged that the company is on track to enjoy positive full-year earnings before tax, interest, depreciation and amortisation (EBITDA) for the first time, despite pledging additional capacity and retailer discounts last year.
In March 2020, the National Broadband Network (NBN) builder decided to “incrementally increase” its data capacity allocation to retail service providers (RSPs) in anticipation of a shift in peak traffic hours after facing increased pressure on its network as the COVID-19 pandemic saw thousands of Australians work from home.