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February 14, 2016 8:22 AM ET

Diversified Telecommunication Services

Company Overview of nbn co limited

Company Overview

nbn co limited designs, builds, and operates broadband network for homes and businesses in Australia. It offers nbn Ethernet Bitstream service, a fiber, fixed wireless, and satellite service; and fixed wireless network services. The company operates fiber-to-the-premises, fiber-to-the-node, fiber-to-the-basement, hybrid fiber coaxial, fixed wireless, and satellite networks. It provides services to wholesale customers, including telephone and Internet service providers. The company was founded in 2009 and is based in North Sydney, Australia.

100 Arthur Street

Level 11

North Sydney, NSW 2060

Australia

Founded in 2009

3,604 Employees

Phone:

61 2 9926 1900

Key Executives for nbn co limited

Chief Executive Officer, Managing Director, Director and Member of Nominations Committee
Age: 55
Chief Financial Officer
Age: 49
Chief Operating Officer
Chief Network & Operations Officer
Chief Customer Officer
Compensation as of Fiscal Year 2015.

nbn co limited Key Developments

NBN Co Limited Announce Board Changes

The Board of NBN Co Limited (nbn) announced the appointment of Shirley Int Veld as a non-executive director, commencing 2 December 2015. Ms. Int Veld fills the vacancy created by Alison Lansleys departure on 6 December 2015.

Turnbull Reportedly In Talks To Sell NBN To Major Telcos

The Turnbull government reportedly seeks privatization of nbn co limited. The Turnbull government is in discussions with major telco companies about selling off large chunks of the government owned National Broadband Network, including its huge hybrid fibre cable, copper and fixed wireless networks. The talks are at an early stage and the government is not yet committed to a sale. If the sale goes ahead it will not take place until after the next election, now expected in October 2016. According to well-placed trade sources, Telstra Corporation Limited (ASX:TLS) is the likely bidder for the bulk of the NBN assets put on the block.

NBN Announces Earnings Results for the First Quarter Ended September 2015

NBN announced earnings results for the first quarter ended September 2015. Capital expenditure during the quarter was AUD 1.06 billion. Turnover for the period came in at AUD 73 million, including AUD 71 million in telecommunications revenue. Revenue in the same quarter a year earlier stood at AUD 29 million. It lost AUD 595 million in its fiscal first quarter compared with AUD 436 million in the year-ago quarter. EBITDA loss was AUD 336 million.

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