Co-investment agreement between NBN Co and Victorian Government will provide around 40,000 eligible homes and businesses on Fibre to the Node (FTTN) in 50 suburbs and towns across Victoria the ability to upgrade to Fibre to the Premises (FTTP).

NBN Co and the Victorian Government have announced 50 locations across the state that will benefit from Fibre to the Node to Fibre to the Premises upgrades, providing homes and businesses with access to services via internet providers on NBN Co’s highest nbn® Ethernet speed tiers. These regions include: Merricks Beach, Mornington, Mount Martha, and Somerville.

Today, NBN Co and the Victorian Government announced the second stage of a landmark co-investment agreement, which will see fibre built deeper into more parts of metropolitan and regional Victoria. This will enable around 40,000 additional eligible homes and businesses that access the nbn® network via Fibre to the Node (FTTN) in 50 suburbs and towns across Victoria to upgrade to Fibre to the Premises (FTTP). It comes as NBN Co is on track to enable up to 8 million premises across Australia the ability to access nbn® Home Ultrafast, which offers wholesale download speeds of close to 1 Gbps2, by the end of next year.

Demand for access to nbn’s higher wholesale speed tiers continues to grow among customers, as households look to simultaneously work and study from home and enjoy online entertainment, while businesses are increasingly adopting digital applications to drive growth and enhance productivity.

Under the agreement announced today, the Victorian Government will contribute to the cost of extending fibre-optic cable further into these communities. NBN Co will cover the cost of the fibre lead-in into the eligible home or business, which will be constructed when the customer orders a plan based on nbn® Home Fast or higher.

Field works have already begun for the Fibre to the Premises upgrades in some of these areas with a view to customers being able to order a service from June 2023.

Premises within the suburbs and towns, which may be eligible for an upgrade can register to receive updates at: nbn.com.au/fttpupgrade

For further information, visit www.nbnco.com.au