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nBN Co

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NBN Co Limited
Company typeGovernment-owned corporation
IndustryTelecommunications
FoundedApril 2009
Headquarters
Sydney[1]
,
Australia
Key people
Bill Morrow (Chief Executive Officer) Dr Ziggy Switkowski (Executive Chairman)
ServicesWholesale data network
RevenueIncrease A$164 million (2015)[2]
Decrease A$-2.019 billion (2015)[2]
Total assetsIncrease A$13.259 billion (2015)[2]
Total equityIncrease A$7.708 billion (2015)[2]
OwnerAustralian Government
Number of employees
3,604 (2015) [2]
Websitewww.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

Establishment

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 the 26th April 2015 when it began trading simply as "nbn™".[9]

Corporation structure

Board members

  • Dr Ziggy Switkowski - Chairman[10]
  • Mr Bill Morrow - Managing Director & Chief Executive Officer[11]
  • Mr Patrick Flannigan - Non-Executive Director[10]
  • Mr Simon Hackett - Non-Executive Director[10]
  • 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

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

Mike Quigley was appointed chief executive officer (CEO) of NBN Co on 25 July 2009.[13][14][15][16][17]

Mike Quigley announced in June 2010 he would [18] 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.[19] He departed on 3 October 2013, replaced by former Telstra CEO Ziggy Switkowski as Executive Chairman (and Interim CEO) with immediate effect.[20]

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

Ownership and funding

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[21]

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[22] 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, stating the intention to investigate the best infrastructure technology mix to deliver fast broadband around the country as soon as possible and at the lowest cost.

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

  1. ^ "NBN Co Limited". Australian Government Directory. Australian Government. Retrieved 9 December 2014.
  2. ^ a b c d e f NBN Co (24 August 2015). "NBN Co Annual Report 2015" (PDF). Retrieved 8 September 2015.
  3. ^ NBN Co Limited, National names index, Australian Securities and Investments Commission, retrieved 2 June 2011 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  4. ^ LeMay, Renai; Tindal, Suzanne (7 April 2009), NBN company established, looks for CEO, ZDNet, retrieved 1 June 2011{{citation}}: CS1 maint: multiple names: authors list (link)
  5. ^ LeMay, Renai (7 October 2009), It's official: 'NBN Co. Ltd' is the name, ZDNet, retrieved 1 June 2011 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  6. ^ Beer, Stan (7 April 2009), NBN to make 49% up for grabs but who wants it?, iTWire, retrieved 1 June 2011 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  7. ^ Tindal, Suzanne (1 May 2009), NBN company constitution revealed, ZDNet, retrieved 1 June 2011 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  8. ^ LeMay, Renai (30 April 2009), NBN company details hard to find, ZDNet, retrieved 1 June 2011 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  9. ^ Ramli, David (25 April 2015), NBN Co spends $700,000 to drop 'Co', Sydney Morning Herald, retrieved 27 April 2015 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  10. ^ a b c "Executive biographies".
  11. ^ "Board member biographies".
  12. ^ "NBN Co Management Structure". NBN Co. Retrieved 7 November 2013.
  13. ^ Corner, Stuart (25 July 2009), Mike Quigley to be CEO of NBN Co, iTWire, retrieved 1 June 2011 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  14. ^ LeMay, Renai (25 July 2009), Alcatel's Quigley wins NBN chair, ZDNet, retrieved 1 June 2011 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  15. ^ Renai LeMay and Liam Tung (29 July 2009), Mike Quigley: The background check, ZDNet, retrieved 1 June 2011 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  16. ^ Kohler, Alan (28 July 2009), Quigley's job is straightforward, ZDNet, retrieved 1 June 2011 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  17. ^ Grubb, Ben (28 June 2010), Quigley rejected lucrative job for NBN, ZDNet, retrieved 1 June 2011 {{citation}}: Italic or bold markup not allowed in: |publisher= (help)
  18. ^ http://www.techworld.com.au/article/351488/heat_up_again_right_nbn_salaries_costs/ donate $2 million
  19. ^ http://www.smh.com.au/federal-politics/political-news/nbn-chief-quigley-calls-its-quits-20130712-2pu5w.html
  20. ^ url=http://www.abc.net.au/news/2013-10-03/ziggy-switkowski-appointed-chairman-of-nbn/4996960
  21. ^ NBN Co. NBN Co Annual Report 2010 (PDF) (Report). NBN Co. Retrieved 22 March 2012.
  22. ^ NBN Corporate Plan (PDF) (Report). NBN Co. 17 December 2010. Retrieved 22 March 2012. {{cite report}}: Italic or bold markup not allowed in: |publisher= (help)

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