Goodbye, copper! NBN Co to upgrade final homes equipped with fixed lines to fiber optics

The Australian Government has announced a A$3 billion equity investment in the NBN to complete the upgrade of Australia-wide fiber-to-the-node (FTTN) connections to full fiber broadband ( FTTP).

Equity investing – a type of investment in which the government takes ownership of an entity with the expectation of a future return – is joined by an A$800 million investment from NBN Co. It is an extension of NBN Co’s fiber upgrade plan which aims to improve speeds for everyone across the entire network.

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