NBN Co. is a government-owned corporation which includes wired and radio communication components. It was formed to provide internet services. As of now, its been a costly project as its primary focus was to provide internet to every corner of the country. However, many users seem to question its credibility as it has partially failed in providing fast-speed internet.
In this blog, we will compare Australia’s NBN internet to the rest of the world. We will also talk about the influence internet has on a country’s economy. So, if you want to learn anything related to it, then keep reading.
NBN was an initiative taken by the Australian government to upgrade their broadband infrastructure by 2020. It aimed to provide a faster and more robust broadband connection. Also, it was believed that it would bring a significant transformation in the internet and landline services. The sole purpose of this government corporation was to provide internet access to every part of the country.
Over the past few years, it has done half of the things it aimed for. Some of its goals were not achieved as it was subjected to political contention so much that it remained an issue for federal elections. Besdies, the final cost of this project by the end of 2018 was around $51 billion. Today, you can also find various NBN products, such as NBN batteries.
Recently Australia’s internet for listed as slower than Kazakhstan and India. Not to mention out of 177 countries, Australia has secured the 68th spot for its internet speed. To be precise, the average global broadband speed is 73.5 megabits per second, whereas Australia’s broadband speed is 41.7 megabits per second.
The latest speed test reports have shown that Australia’s broadband internet speed is slower than India, Kazakhstan or Latvia. The top country on the list is Singapore which has 5 times faster internet speed than Australia’s internet speed.
Other countries such as Hong Kong, Romania and South Korea managed to be in the top five of the list. Whereas India secured the 67th spot, and the UK was ranked at the 45th spot. New Zealand, Canada and US seem to do better with it as they secured the 24th, 16th and 11th spots, respectively.
In the post-pandemic era, people have become more accustomed to the internet. The Internet has generated a large amount of employment worldwide as so many jobs require you to use the internet.
At this point, it’s irrelevant to shed light on the importance of the internet for a country’s economy. It is because now everybody doesn’t only know about it, but also uses it. In simple words, the internet contributes a significant amount to the economy of the country.
So this is everything on the current condition of Australia and its position the same around the globe. It won’t be wrong to conclude that Australia is indeed lagging behind. However, Australia is trying its hand at the 5G technology, and it can jump the ladder anytime. NBN has also managed to maintain its standing in the market.
Some part of it is responsible for the internet services while other is responsible for its products. If you do not know, NBN is also famous for its NBN batteries. If you are looking for an NBN battery for sale, then you should check this link out.