Aussie Broadband starts work on new $1.8m fibre optic network expansion
Media Release | Wednesday 22 Apr 2020 | 1 min read
Aussie Broadband has started work to build a new fibre network worth $1.8 million to boost its fast-growing residential and business broadband operations.
Stage 1 deployment, a 20km fibre optic cable looping around the Melbourne CBD into Port Melbourne, is already underway.
Managing Director, Phillip Britt said the end goal is always improving customer experience.
“The purpose of this project is to transition our connectivity to NBN points of interconnect (POIs) onto our own fibre network,” Phil said.
“This will provide additional benefits such as faster capacity upgrades, improved redundancy, and the opportunity to develop new products,” he said.
The project is being built using 720 core optic fibre manufactured in Australia by Prysmian.
It will pick up key data centres including Interactive, NextDC M1, Equinix ME1, and 2 data centres in 530 Collins Street, and will also connect to Exhibition and Port Melbourne NBN POIs. All sites are on fully diverse paths.
Phil said he expects the first stage of the project to be completed by the end of July 2020.
“We plan to build fully diverse routes to over 75 NBN points of interconnect (POIs) and 24 key data centres across Australia,” Phil said.
Phil also said the new project will bring more jobs.
“We’ll soon be recruiting for a Head of Construction to help deliver our bigger project. We’ve already recently increased our staff in sales and support due to rapid growth. We expect this increase to continue over the next 12 months,” he said.
In March, Aussie Broadband connected its 200,000th customer, a 100,000 net gain in just 14 months.
The company is also preparing to list on the Australia Securities Exchange (ASX) later this year.
All information contained in this media release, including references to costs, speed, and capability of the Aussie Broadband network, was correct at time of publication, and may have since changed.
About Aussie Broadband Limited
Aussie Broadband Group is a fast-growing technology services provider – comprising of the Aussie Broadband and Symbio businesses – with a market cap of around $1 billion (AUD).
Listed on the Australian Stock Exchange (ASX: ABB), the Group collectively supplies more than 1 million services, operates two Tier 1 voice providers in Australia and owns fibre infrastructure.
The fifth largest provider of broadband services in Australia with continuing growth in the residential segment, the Group provides a broad suite of solutions through its data, voice, and managed solutions to business, enterprise and government customers. Aussie Broadband Group also provides wholesale services to other telecommunications companies and managed service providers.
For further information please visit: www.aussiebroadband.com.au