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 . contents 1 history 1.1 establishment 2 corporation structure 2.1 board members 2.2 management structure and key roles 2.3 people 2.4 ownership and funding 3 references 4 external links history edit establishment edit 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 edit board members edit 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 edit below is the management structure of nbn co 12 chief executive officer bill morrow displaystyle downarrow displaystyle downarrow displaystyle downarrow displaystyle downarrow displaystyle downarrow displaystyle 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 edit 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 edit 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 edit nbn co limited . australian government directory . australian government . retrieved 9 december 2014 . a b c d e f nbn co 16 august 2016 . full year results pdf . retrieved 6 september 2016 . nbn co limited national names index australian securities and investments commission retrieved 2 june 2011 lemay renai ; tindal suzanne 7 april 2009 nbn company established looks for ceo zdnet retrieved 1 june 2011 lemay renai 7 october 2009 it s official nbn co. ltd is the name zdnet retrieved 1 june 2011 beer stan 7 april 2009 nbn to make 49 % up for grabs but who wants it itwire retrieved 1 june 2011 tindal suzanne 1 may 2009 nbn company constitution revealed zdnet retrieved 1 june 2011 lemay renai 30 april 2009 nbn company details hard to find zdnet retrieved 1 june 2011 ramli david 25 april 2015 nbn co spends 700 000 to drop co sydney morning herald retrieved 27 april 2015 a b c executive biographies . board member biographies . nbn co management structure . nbn co. retrieved 7 nov 2013 . corner stuart 25 july 2009 mike quigley to be ceo of nbn co itwire retrieved 1 june 2011 lemay renai 25 july 2009 alcatel s quigley wins nbn chair zdnet retrieved 1 june 2011 renai lemay & liam tung 29 july 2009 mike quigley the background check zdnet retrieved 1 june 2011 kohler alan 28 july 2009 quigley s job is straightforward zdnet retrieved 1 june 2011 grubb ben 28 june 2010 quigley rejected lucrative job for nbn zdnet retrieved 1 june 2011 heat up again on right nbn salaries costs . techworld . retrieved 14 may 2016 . nbn chief mike quigley quits . the sydney morning herald . retrieved 14 may 2016 . ziggy switkowski confirmed as chairman of nbn co by communications minister malcolm turnbull . abc news . 3 october 2013 . retrieved 14 may 2016 . nbn co. nbn co annual report 2010 pdf report . nbn co. retrieved 22 march 2012 . nbn corporate plan pdf report . nbn co. 17 december 2010 . retrieved 22 march 2012 . external links edit official website of nbn co official twitter stream for nbn co compare nbn plans from retail service providers v t e internet service providers of australia economy of australia internet censorship current ausbbs amcom bigair connexus internet dreamtilt devoted nbn exetel m2 group clubtelco dodo services eftel iprimus nbnsp optus virgin broadband origin net skymesh telstra bigpond pacnet tpg telecom adam internet iinet internode westnet vodafone zettanet wholesale nbn tpg telecom aapt limited agile communications chime communications pipe networks nextgen networks origin net telstra wholesale former chariot connect.com.au grapevine neighbourhood cable netspace opel networks ozemail pacific internet pegasus networks people telecom related topics internet in australia national broadband network retrieved from https en.wikipedia.org w index.php title nbn telecommunications company & oldid 740115554 categories nbn telecommunications company national broadband networkinternet service providers of australiatelecommunications companies of australiacommonwealth government owned companies of australiacompanies based in melbournetelecommunications companies established in 20092009 establishments in australiahidden categories use dmy dates from august 2010 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages norsk bokm lportugu s edit links this page was last modified on 19 september 2016 at 04 17 . text is available under the creative commons attribution sharealike license ; 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