NBN Co., the company building out Australia’s National Broadband Network, said on Friday that it met its construction goals to reach a total of 784,592 premises by the end of 2012. The service provider said construction will commence when it issues contract instructions to its contractors for a Fibre Service Access Module (FSAM), a device that can serve between 2,000 to 3,000 premises.

Mike Quigley, CEO of NBN, said that it now has the foundation “to reach the peak rollout target of passing over 6000 premises a day by 2015.” The fibre-based portion of the NBN will reach 93 per cent of Australian premises by 2021, with the remaining set to receive high-speed broadband via fixed-wireless or satellite by 2015.

FierceTelecom: Australia's NBN now covers 784,592 premises; TelecomTV content partner.