.Synopsis
On 9 August 2009 NBN Co was launched as a government business enterprise (GBE), wholly owned by the Commonwealth of Australia. It is overseen by ‘shareholder ministers’ – the Minister for Broadband, Communications and the Digital Economy and the Minister of Finance and Deregulation.
The purpose of the company is to build a nationwide, wholesale-only, high-speed, open broadband network. Since its inception it has been selecting technology and designing the network and systems, as well as developing a wholesale product offering.
The company will connect 93% of homes, schools and workplaces to an optical fibre network (fibre-to-the-premises – FttP), providing high-speed broadband services to Australians in urban and regional towns. The remaining 7% of premises will be connected to an LTE-based fixed wireless network, and this includes the very remote ones who will be linked to a satellite network.
This report also provides financial and operational information regarding NBN Co's corporate plan, including forecasts covering the three years from 1 July 2010 to 30 June 2013. The plan outlines competitive pricing for wholesale broadband, including a basic service offering with a uniform national wholesale access price.