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August 03, 2015 11:41 PM ET

Diversified Telecommunication Services

Company Overview of NBN Co Limited

Company Overview

NBN Co Limited operates a network for fixed line phone and Internet services. The company offers access to broadband network through fiber, fixed wireless, and satellite technologies for homes, as well as education, business, entertainment, health care, and social clients in Australia. It also offers and installs network equipment. The company offers its products and services through wholesale customers, including telephone and Internet service providers, and utilities. NBN Co Limited has strategic relationships with Telstra and Optus. The company was founded in 2009 and is based in North Sydney, Australia.

Level 11

100 Arthur Street

North Sydney, NSW 2060

Australia

Founded in 2009

Phone:

61 2 9926 1900

Fax:

61 2 9926 1901

Key Executives for NBN Co Limited

Chief Executive Officer, Managing Director and Director
Age: 55
Chief Financial Officer
Age: 49
Chief Operating Officer
Head of Industry Engagement
Head of Commercial Strategy
Compensation as of Fiscal Year 2015.

NBN Co Limited Key Developments

Australian Competition and Consumer Commission Proposes to Approve Revised NBN Arrangements with Optus

The Australian Competition and Consumer Commission is proposing to grant authorisation to specific provisions within revised agreements between NBN Co and Optus in a draft decision issued on July 23, 2015. These arrangements involve the progressive migration of Optus' HFC subscribers to the new multi-technology NBN, while parts of Optus' HFC network are integrated into the NBN. The revised agreements form part of a broader transaction between the parties which involves the acquisition of Optus' HFC assets. Under the Competition and Consumer Act (2010), the ACCC is not able to authorize acquisitions. The parties have asked the ACCC to consider the proposed acquisition separately under its informal merger review process (which takes into account the impact on competition but not public benefits). In assessing the application for authorisation of the revised arrangements, the ACCC has had regard to the likely future without the conduct for which authorisation is sought. The ACCC accepts that the revised arrangements are likely to result in some benefits to the public, by: allowing NBN Co to access the fibre components of Optus' HFC network and avoid inefficient investment in additional distribution fibre on these parts of the multi-technology NBN; providing consumers with a greater choice of service providers and access to a greater range of broadband products sooner than they otherwise would have and; facilitating less disruptive customer migration to the NBN. The ACCC is now seeking submissions from NBN Co and interested parties in relation to its draft determination before making a final decision in August/September 2015.

Telstra, NBN Co Settle Consumer Price Index Dispute

Telstra and NBN Co settled their dispute over the value of their AUD 11 billion deal. Terms of the agreement are confidential. The parties have reached agreement on a commercial resolution to this matter.

NBN Co Launches Broadband Network in Wollongong and Corrimal

NBN Co has announced that over 4,500 homes and businesses in parts of Wollongong and Corrimal can now connect to the national broadband network. Over 18,000 homes and businesses across Wollongong, Corrimal, Dapto and Kiama, in the Illawarra region, can now access fast broadband via services over the NBN. Physical construction is also underway to expand the network to an additional 30,000 homes and businesses across the Illawarra region.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 14, 2014
SingTel Optus Pty Ltd., Hybrid Fibre Coaxial Network and Ancillary Assets
Merger/Acquisition
August 14, 2014
Telstra Corporation Limited, Copper And The Hybrid Fibre-Coaxial Networks
 

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