NBN truck.
NBN truck. Trevor Veale

NBN rolls out almost $1 billion loss

THE corporation tasked with bringing broadband to Australian households reported nearly a $1billion loss last financial year, NBN Co's annual report for 2012-13 shows.

While the Commonwealth-owned body earned some $17 million in revenue for the fiscal year, it reported a $932 million loss for 2012-13, up from a $520 million the previous year.

The losses were not as bad as the $1.3 billion loss forecast earlier, with losses minimised due to delays in the actual rollout of broadband fibre.

It reported a 46% rise in employee-related costs, up to $102 million for the year, on the back of 68% rise in headcount to help dig up infrastructure around the country.

The NBN has reached 70,100 premises around the country, with an average user cost of $376 a month.



All aboard! Coal Train ready to roll at Browne Park

All aboard! Coal Train ready to roll at Browne Park

NRL star to line up with Capras in weekend trial against Cutters

Shorten shares his CQ vision to a packed town hall meeting

Shorten shares his CQ vision to a packed town hall meeting

The alternative PM hears heartbreaking stories from CQ locals.

Qld performer brings golden hits to CQ

Qld performer brings golden hits to CQ

Debbie Robertson will take to the stage in Mt Morgan next Sunday.

Local Partners