Industry Telecommunications Headquarters Melbourne, Australia Founded April 2009 Number of employees 5,000 Type of business State-owned enterprise | Services Wholesale data network CEO Bill Morrow (Dec 2013–) Revenue 421 million AUD (2016) Owner Government of Australia | |
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Key people Bill Morrow (Chief Executive Officer)
Dr Ziggy Switkowski (Executive Chairman) Net income A$-1.572 billion (2016) Total assets A$18.552 billion (2016) Total equity A$20.275 billion (2016) Profiles | ||
NBN Co Limited (trading as nbn™) is an Australian government-owned corporation tasked to design, build and operate Australia's National Broadband Network.
Contents
Establishment
NBN Co was established on 9 April 2009 under the name of its company number, "A.C.N. 136 533 741 Limited". After the establishment, the Australian Government started referring to the company as "National Broadband Network Company", which became the de facto company name. It was officially named "NBN Co Limited" on 6 October 2009. It traded as "NBN Co" until 26 April 2015 when it began trading simply as "nbn™".
Board
Former directors
Corporate structure
Below is the management structure of NBN Co
People
At the end of June 2016, NBN Co had over 5,000 employees.
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
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. 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.