NBN Co

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NBN Co Limited
Type Government-owned corporation
Industry Telecommunications
Founded April 2009
Headquarters Melbourne, Australia
Key people Dr Ziggy Switkowski (Executive Chairman)
Services Wholesale data network
Revenue Increase A$16.824 million (2013)[1]
Net income Decrease A$(931.665) million (2013)[1]
Total assets Increase A$5.519 billion (2013)[1]
Total equity Increase A$3.418 billion (2013)[1]
Owner(s) Australian Government
Employees 2,808 (2013) [1]
Website www.nbnco.com.au

NBN Co is an Australian government-owned corporation tasked to design, build and operate Australia's National Broadband Network.

History[edit]

Establishment[edit]

NBN Co was established on 9 April 2009 under the name of its company number, "A.C.N. 136 533 741 Limited".[2] After the establishment, the Australian Government started referring to the company as "National Broadband Network Company",[3] which became the de facto company name. It was officially named "NBN Co Limited" on 6 October 2009.[4][5][6][7] It now trades as "NBN Co".

Corporation structure[edit]

Board members[edit]

  • Dr Ziggy Switkowski - Executive Chairman
  • Mr Patrick Flannigan - Non-Executive Director
  • Mr Simon Hackett - Non-Executive Director
  • Ms Alison Lansley - Non-Executive Director
  • Mr Justin Milne - Non-Executive Director
  • Dr Kerry Schott - Non-Executive Director

Source: NBN Co Board

Management structure and key roles[edit]

Below is the management structure of NBN Co[8]

(Interim) Chief Executive Officer
Dr Ziggy Switkowski
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Head of Corporate and Commercial
Kevin Brown
Chief Marketing Officer
Kieren Cooney
Head of Regulatory Affairs and Industry Analysis
Caroline Lovell
Chief Technology Officer
Gary McLaren
Chief Financial Officer
Robin Payne
Head of Strategy and Transformation
JB Rousselot
Head of Product and Sales
John Simon
Chief Operating Officer
Greg Adcock

People[edit]

Mike Quigley was appointed chief executive officer (CEO) of NBN Co on 25 July 2009.[9][10][11][12][13]

Mike Quigley announced in June 2010 he would donate $2 million to Neuroscience Research Australia (NeuRA), which will use the NBN to deliver remote rehabilitation therapy to stroke patients via the Nintendo Wii game console. Two million dollars is approximately equivalent to the NBN CEO's first year salary.

Mike Quigley announced in July 2013 that he would retire from NBN Co until a new CEO is found [1]. He departed on 3 October 2013, replaced by former Telstra CEO Ziggy Switkowski as Executive Chairman (and Interim CEO) with immediate effect.[14]

At the end of June 2013, NBN Co had 2,808 employees.[1]

Ownership and funding[edit]

NBN Co is a wholly owned Commonwealth Government Business Enterprise (GBE) reporting to the Minister for Finance & Deregulation and the Minister for Broadband, Communications & the Digital Economy[15]

Under the previous government's NBN Co corporate plan, it was estimated that the NBN construction would require A$27.5 billion in Government equity and raise an estimated A$13.4 billion in debt funding without government support; a total funding requirement of A$40.9 billion up to FY2021. Financial forecasts for NBN Co assuming a 7% Internal Rate of Return (IRR) expect the Government and Debt equity will be fully repaid including accrued interest by FY2040[16] These forecasts have now been made redundant with the change of government following the 2013 Federal Election. The new Liberal National Coalition government is undertaking a 60 day strategic review of the project, investigating the best infrastructure technology mix to deliver fast broadband around the country as soon as possible and at the lowest cost.


References[edit]

  1. ^ a b c d e f NBN Co (2013-06-30). "NBN Co Annual Report 2013". Retrieved 2013-11-12. 
  2. ^ NBN Co Limited, National names index, Australian Securities and Investments Commission, retrieved 2 June 2011 
  3. ^ LeMay, Renai; Tindal, Suzanne (7 April 2009), NBN company established, looks for CEO, ZDNet, retrieved 1 June 2011 
  4. ^ LeMay, Renai (7 October 2009), It's official: 'NBN Co. Ltd' is the name, ZDNet, retrieved 1 June 2011 
  5. ^ Beer, Stan (7 April 2009), NBN to make 49% up for grabs but who wants it?, iTWire, retrieved 1 June 2011 
  6. ^ Tindal, Suzanne (1 May 2009), NBN company constitution revealed, ZDNet, retrieved 1 June 2011 
  7. ^ LeMay, Renai (30 April 2009), NBN company details hard to find, ZDNet, retrieved 1 June 2011 
  8. ^ "NBN Co Management Structure". NBN Co. Retrieved 7 Nov 2013. 
  9. ^ Corner, Stuart (25 July 2009), Mike Quigley to be CEO of NBN Co, iTWire, retrieved 1 June 2011 
  10. ^ LeMay, Renai (25 July 2009), Alcatel's Quigley wins NBN chair, ZDNet, retrieved 1 June 2011 
  11. ^ Renai LeMay and Liam Tung (29 July 2009), Mike Quigley: The background check, ZDNet, retrieved 1 June 2011 
  12. ^ Kohler, Alan (28 July 2009), Quigley's job is straightforward, ZDNet, retrieved 1 June 2011 
  13. ^ Grubb, Ben (28 June 2010), Quigley rejected lucrative job for NBN, ZDNet, retrieved 1 June 2011 
  14. ^ url=http://www.abc.net.au/news/2013-10-03/ziggy-switkowski-appointed-chairman-of-nbn/4996960
  15. ^ NBN Co. NBN Co Annual Report 2010 (Report). NBN Co. http://www.nbnco.com.au/assets/documents/nbnco-annual-report-2011.pdf. Retrieved 22 March 2012.
  16. ^ NBN Corporate Plan (Report). NBN Co. 17 December 2010. http://www.nbnco.com.au/assets/documents/nbn-co-3-year-gbe-corporate-plan-final-17-dec-10.pdf. Retrieved 22 March 2012.

External links[edit]