Jane Hume (Victoria, Liberal Party, Minister for Superannuation, Financial Services and the Digital Economy) Share this | Hansard source

NBN Co is now entering a new growth phase and is making new investments to provide even better broadband to all Australians. NBN Co is now focused on its $4.5 billion network investment plan to deliver gigabit capacity or capability on demand to 75 per cent of premises on the fixed line network as soon as 2023. In fact, by calendar-year end, the company plans to initiate a small-volume launch of fibre-to-the-node and fibre-to-the-premise upgrades, making up to 10,000 premises eligible to access the NBN Co's Home Ultrafast plan, which offers download speeds of up to one gigabit per second. It's forecast that 75 per cent of premises on the fixed line network, or around eight million premises, will be able to access the highest speed Home Ultrafast service as soon as 2023.