Nbn (telecommunications company)

NBN Co Limited

bring it on
Type	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	A$421 million (2016)[2]
Net income	A$-1.572 billion (2016)[2]
Total assets	A$18.552 billion (2016)[2]
Total equity	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

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

Corporation structure

Board members

• Dr Mr 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 Ms 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
$\downarrow$	$\downarrow$	$\downarrow$	$\downarrow$	$\downarrow$	$\downarrow$
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 donate $2 million ^[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 2016, NBN Co had over 5,000 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] 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

1. "NBN Co Limited". Australian Government Directory. Australian Government. Retrieved 9 December 2014.
2. 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. "Executive biographies".
11. "Board member biographies".
12. "NBN Co Management Structure". NBN Co. Retrieved 7 Nov 2013.
13. Corner, Stuart (25 July 2009), Mike Quigley to be CEO of NBN Co, iTWire, retrieved 1 June 2011
14. LeMay, Renai (25 July 2009), Alcatel's Quigley wins NBN chair, ZDNet, retrieved 1 June 2011
15. Renai LeMay & Liam Tung (29 July 2009), Mike Quigley: The background check, ZDNet, retrieved 1 June 2011
16. Kohler, Alan (28 July 2009), Quigley's job is straightforward, ZDNet, retrieved 1 June 2011
17. Grubb, Ben (28 June 2010), Quigley rejected lucrative job for NBN, ZDNet, retrieved 1 June 2011
18. "Heat up again on 'right' NBN salaries, costs". TechWorld. Retrieved 14 May 2016.
19. "NBN chief Mike Quigley Quits". The Sydney Morning Herald. Retrieved 14 May 2016.
20. "Ziggy Switkowski confirmed as chairman of NBN Co by Communications Minister Malcolm Turnbull". ABC News. 3 October 2013. Retrieved 14 May 2016.
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.

External links

• Official website of NBN Co
• Official Twitter stream for NBN Co
• Compare NBN plans from Retail Service Providers