SENATOR THE HON DAVID FAWCETT
Senator for South Australia
THE HON PAUL FLETCHER MP
Minister for Communications, Urban Infrastructure, Cities and the Arts
Faster Broadband for businesses in Adelaide’s north-eastern suburbs
1,432 Businesses located in the newly-established Business Fibre Zone at Modbury will benefit from cheaper and faster broadband, NBN Co has announced.
Senator for South Australia, the Hon David Fawcett, said the new Zone will allow local businesses to access fibre with speeds of up to 1 Gigabit per second, opening up new business opportunities.
“Access to high speed internet will allow local businesses to grow and thrive, break into new markets, and secure our long-term growth potential,” Senator Fawcett said.
“With no upfront build costs and discounts of up to 47 per cent on NBN Co’s current wholesale plans, I encourage local businesses within the new Business Fibre Zone to investigate the benefits for them.”
“The commencement of these works by NBN Co will create jobs in the Makin community and support local businesses by allowing them to take advantage of the benefits that ultrafast fibre broadband can provide,” Senator Fawcett said.
“Businesses can use these connection speeds to make full use of the digitalisation measures in our Government’s $1.2 billion Digital Economy Strategy, announced as part of the 2021/22 Federal Budget, empowering businesses to adopt digital technologies to grow their businesses, create jobs, and become more efficient.”
Minister for Communications, Urban Infrastructure, Cities and the Arts, the Hon Paul Fletcher MP, said the 44 new Zones would help thousands of businesses participate in the digital economy on an equal footing, and bring the total number of Business Fibre Zones to 284.
“As we manage and respond to the COVID-19 pandemic, investment in local business communications infrastructure will ensure that businesses can recover quickly, while taking advantage of domestic and international markets,” Minister Fletcher said.
“Improving access to high speed, reliable, and high quality broadband is a key part of the Australian Government’s communications agenda, which is why we are investing directly in the electorate of Makin.”
Today’s announcement will support an additional 60,000 eligible businesses across Australia, taking the total number of businesses within a Business Fibre Zone to 850,000, of which nearly 300,000 businesses are in regional Australia. NBN’s Enterprise Ethernet, NBN Co’s fastest symmetrical wholesale product offers these businesses plans of up to 1 Gigabit per second at the same price as CBD areas.
This extension to NBN Co’s Business Fibre Zone initiative builds on the $700 million package announced last year to transform the accessibility and affordability of business-grade fibre and allow small to medium businesses to embrace opportunities for growth.
The announcement comes at the same time as research by Frontier Economics shows NBN Co’s business fibre investments will contribute up to $7.2 billion annually to the economy by 2024.
The research also forecasts productivity benefits for businesses of up to 12 per cent, with regional areas particularly set to benefit and evidence of increased retail competition which is good for businesses.
For more information about the NBN Business Fibre Zones initiative, including the new pricing options, visit https://bit.ly/2Xbvvyr.