NBN Co

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NBN Co Limited
Government-owned corporation
Industry Telecommunications
Founded April 2009
Headquarters Sydney[1], Australia
Key people

Bill Morrow (Chief Executive Officer)

Dr Ziggy Switkowski (Executive Chairman)
Services Wholesale data network
Revenue Increase A$421 million (2016)[2]
Increase A$-1.572 billion (2016)[2]
Total assets Increase A$18.552 billion (2016)[2]
Total equity Increase A$20.275 billion (2016)[2]
Owner Australian Government
Number of employees
5000+ (2016) [2]
Website www.nbnco.com.au

NBN Co Limited (trading as nbn™) 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".[3] After the establishment, the Australian Government started referring to the company as "National Broadband Network Company",[4] which became the de facto company name. It was officially named "NBN Co Limited" on 6 October 2009.[5][6][7][8] It traded as "NBN Co" until 26 April 2015 when it began trading simply as "nbn™".[9]

Board[edit]

Former directors[edit]

  • Mike Quigley Interim Chairman and a Director of NBN Co 24 July 2009 – 15 March 2010, Director 15 March 2010 – 3 October 2013.[11]
  • Simon Hackett - Non-Executive Director[10]
  • Alison Lansley - Non-Executive Director[10]

Corporate structure[edit]

Below is the management structure of NBN Co[12]

Chief Executive Officer
Bill Morrow
Head of Regulatory Affairs
Caroline Lovell
Chief Legal Counsel
Justin Forsell
Chief Strategy Officer
JB Rousselot
Chief Financial Officer
Stephen Rue
Chief Customer Officer
John Simon
Chief Operating Officer
Greg Adcock

People[edit]

At the end of June 2016, NBN Co had over 5,000 employees.[2]

Ownership and funding[edit]

NBN Co is a wholly owned Commonwealth government business enterprise (GBE) reporting to two shareholder ministers: the Minister for Finance and the Minister for Communications[13]

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.[14] Following the election of the Abbott government, NBN Co reassessed financial forecasts and progress of the NBN roll-out and published a Strategic Review in December 2013.

This has resulted in the implementation of both FTTN (Fibre to the node) technology in metropolitan areas, and LTE Fixed wireless technology in regional areas.


References[edit]

  1. ^ "NBN Co Limited". Australian Government Directory. Australian Government. Retrieved 9 December 2014. 
  2. ^ a b c d e f NBN Co (16 August 2016). "Full Year Results" (PDF). Retrieved 6 September 2016. 
  3. ^ NBN Co Limited, National names index, Australian Securities and Investments Commission, retrieved 2 June 2011 
  4. ^ LeMay, Renai; Tindal, Suzanne (7 April 2009), NBN company established, looks for CEO, ZDNet, retrieved 1 June 2011 
  5. ^ LeMay, Renai (7 October 2009), It's official: 'NBN Co. Ltd' is the name, ZDNet, retrieved 1 June 2011 
  6. ^ Beer, Stan (7 April 2009), NBN to make 49% up for grabs but who wants it?, iTWire, retrieved 1 June 2011 
  7. ^ Tindal, Suzanne (1 May 2009), NBN company constitution revealed, ZDNet, retrieved 1 June 2011 
  8. ^ LeMay, Renai (30 April 2009), NBN company details hard to find, ZDNet, retrieved 1 June 2011 
  9. ^ Ramli, David (25 April 2015), NBN Co spends $700,000 to drop 'Co', Sydney Morning Herald, retrieved 27 April 2015 
  10. ^ a b c d e f g h "nbn Australia's broadband network Annual Report 2015-16" (PDF). www.nbnco.com.au. nbn™. 20 September 2016. Retrieved 15 February 2017. 
  11. ^ "NBN Co Annual Report 2013-14" (PDF). www.nbnco.com.au. NBN Co. Retrieved 15 February 2017. 
  12. ^ "NBN Co Management Structure". NBN Co. Retrieved 7 Nov 2013. 
  13. ^ NBN Co. NBN Co Annual Report 2010 (PDF) (Report). NBN Co. Retrieved 22 March 2012. 
  14. ^ NBN Corporate Plan (PDF) (Report). NBN Co. 17 December 2010. Retrieved 22 March 2012. 

External links[edit]