NBN speeds to become five times faster at no extra cost [Video]

Broadband speeds are set to skyrocket for some 9 million Australians, with NBN Co launching a proposal to make its most popular plan five times faster at no extra cost amid an explosion in demand for data.

In a move the company says is to meet unprecedented usage of high-definition streaming and remote work, NBN Co announced plans to raise its 100/20 Mbps Home Fast product to 500/50 Mbps and triple its Home Superfast product from 250/25 Mbps to 750/50 Mbps.

The accelerated speeds would be made available by the end of the year and apply to the 9 million broadband customers who have access to a fibre-to-the-premises (FTTP) or hybrid fibre …