The taxpayer-funded infrastructure business is now not expected to come out of the red until 2023, making it the third consecutive miss of its targets | JennieDuke
Mr Rue said the most recent delay to reaching break-even was due largely to the timing of payments, and the business would reach positive cash flow on a "monthly basis" towards the end of the 2022 financial year.Looking at the now three-year old corporate forecast, he said the predictions were fundamentally the same, and the plan was best not viewed in terms of "line items" but "holistically".
A permanent change of 1 per cent to the take-up rate could affect the annual cash flow by $80 million, the most recent corporate plan outlines, while an average revenue per user shift of $1 would have a $100 million impact.In the 2019 financial year, the NBN Co posted $2.8 billion in revenue and a residential average revenue per user increase of $1 to $44.
"We still have a view that 5G and fixed wireless service will live together and if anything the needs of the fixed line network will be greater in years to come," he said.The Sydney Morning Heraldbefore the Corporate Plan became available for review, described it as a "major turning point for the NBN", with almost 10 million homes ready to connect.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hope for Tamil family as deportation of youngest daughter delayedThe Federal Court decision comes after an urgent hearing was called when a last-minute injunction halted the asylum seeker family's scheduled deportation from Australia on Thursday night.
Read more »
'We'll be bathing in salt water': At the epicentre of Australia's big droughtIf firefighters get the call that a house is ablaze in the north-western NSW town of Warren, chances are they won't bother to put it out.
Read more »
De Minaur upsets former US Open finalistAlex de Minaur isn't finished yet after claiming the biggest scalp of his career to surge into the US Open fourth round in New York. 9News
Read more »
Amazing Grace’s astonishing 47-year journey to releaseFilmed in 1972 and locked in a vault for decades, it took 47 years and two lawsuits before this transcendent movie was released.
Read more »
How a banana ensures Christian, 11, won't slip up on stageHe has only played the violin for six years, but Christian Li can fire up an orchestra as a soloist with a skill set that has bagged him a prize at one of the world's most prestigious competitions.
Read more »
Deportation delayed until Wednesday for youngest daughter of Tamil asylum seeker familyThe youngest daughter of a Tamil asylum seeker family facing deportation will remain here until Wednesday after a ruling by the Federal Court this morning.
Read more »