Australian Government Commits $3 Billion to Finalize NBN Fibre Rollout
The funding aims to upgrade 622,000 premises to fibre connections by 2030, addressing slow speeds and degraded copper networks while keeping the NBN publicly owned.
- Prime Minister Anthony Albanese announced a $3 billion equity injection to upgrade the National Broadband Network (NBN), targeting the remaining copper-based connections with fibre technology.
- The upgrades will provide faster internet speeds, with up to 1 gigabit per second available to over 94% of Australian premises once completed by 2030.
- The initiative seeks to reverse stagnation in NBN adoption, as many Australians have turned to 5G and satellite services like Starlink for faster and more reliable internet options.
- More than half of the fibre upgrades will benefit regional and rural areas, addressing long-standing connectivity challenges in underserved communities.
- The Albanese government has pledged to keep the NBN in public ownership, contrasting with opposition claims that the network is a financial burden and should be privatized.
Australian Broadcasting Corporation 
The Guardian 
The Sydney Morning Herald 
9News 
SBS News 