nbn plans by download speed (%)

Source: nbn Co results

Telstra’s and nbn Co’s FY20 results show the early impact of COVID-19, but also contain indications of underlying shifts in the industry. We expect rising competition for fixed broadband subscribers as the mobile network owners (MNOs) try to maximise returns from the 5G mobile investment by launching 5G fixed wireless. Telstra’s announcement it will roll out 5G fixed wireless will step up this rivalry.

nbn Co is growing its enterprise business strongly. This is good news for end users, but not so much for the rest of the industry, which is seeing data and IP prices fall fast.

We also see signs that mobile pricing may be heading upwards. If this is borne out, we also expect to the mobile network operators taking a look at their mobile wholesale pricing as well. Click here to read our report.