NBN Co
bring it on
|
|
| Government-owned corporation | |
| Industry | Telecommunications |
| Founded | April 2009 |
| Headquarters | Sydney, Australia |
|
Key people
|
Bill Morrow (Chief Executive Officer) Dr Ziggy Switkowski (Executive Chairman) |
| Services | Wholesale data network |
| Revenue |
 A$421 million (2016)
|
|
A$-1.572 billion (2016)
|
|
| Total assets |
A$18.552 billion (2016)
|
| Total equity |
A$20.275 billion (2016)
|
| Owner | Australian Government |
|
Number of employees
|
5000+ (2016) |
| Website | www.nbnco.com.au |
Bill Morrow (Chief Executive Officer)
NBN Co Limited (trading as nbn) is an Australian government-owned corporation tasked to design, build and operate Australia's National Broadband Network.
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™".
Source: NBN Co Board
Below is the management structure of NBN Co
Mike Quigley was appointed chief executive officer (CEO) of NBN Co on 25 July 2009.
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. He departed on 3 October 2013, replaced by former Telstra CEO Ziggy Switkowski as Executive Chairman (and Interim CEO) with immediate effect.
At the end of June 2016, NBN Co had over 5,000 employees.
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.
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Wikipedia