NBN is a state-owned corporation headquartered in Australia. Founded in 2009, NBN employs approximately 5,270 individuals, specializing in telecoms. The company functions as Australia's wholesale broadband provider, tasked by the Australian Government to design, build, and operate the nation's National Broadband Network. As a publicly owned corporation, NBN reports to the Minister for Finance and the Minister for Communications.
The Australian Competition and Consumer Commission (ACCC) reported on April 3, 2026, that average download speeds across NBN fixed-line services reached 98.5% of plan speeds during busy hours in December 2025. ACCC Commissioner Ian Oppermann noted this performance, while slightly lower than previous reports, still indicated that most Australians typically received the speeds they paid for, despite a growing number of services on high-speed plans and fibre to the node (FTTN) connections continuing to fall short. This followed the ACCC's release of its 32nd Measuring Broadband Australia report. Previously, on April 1, 2026, the ACCC unveiled a draft determination for the future regulatory framework governing NBN Co, slated to commence on July 1, 2026. This draft proposes stricter service standards, revised cost settings, and higher baseline broadband speeds for the government-owned wholesale broadband provider, aiming to ensure NBN Co's costs are efficient while allowing for sustainable investment and operation under the existing Special Access Undertaking (SAU).
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