NBN Co staff on salaries of $200,000 or more received average bonus of almost $50,000

Original article by Josh Taylor
The Guardian Australia – Page: Online : 27-May-21

The issue of bonus payments for employees of government business enterprises is under renewed scrutiny following the release of data on the bonuses received by employees of NBN Co. A total of 3,819 employees shared the $77.5m worth of cash bonuses that NBN Co paid in 2020. Some 2,865 employees who earn between $100,000 and $200,000 received an average bonus of $13,000 each; in contrast, those on annual salaries of more than $200,000 received an average bonus of $49,743. Shadow communications minister Michelle Rowland says the ongoing problems with the national broadband network mean that the "excessive" bonuses are not justified.

CORPORATES
NBN CO LIMITED

Upgraded NBN a more attractive takeover target

Original article by Sally Patten
The Australian Financial Review – Page: 2 : 28-Sep-20

Telstra chairman John Mullen has welcomed the federal government’s decision to upgrade the national broadband network by rolling out fibre-to-the-premises to more households and businesses. He says the NBN will be easier to maintain than the current hybrid system, which includes fibre-to-the-node and the existing copper network. Amid speculation that the NBN will eventually be sold, Mullen says the upgraded network will be more attractive to potential investors, including Telstra’s own infrastructure division. However, InfraCo would need to be demerged in order to buy the NBN.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS,INFRACO,NBN CO LIMITED

NBN push for fibre to the home

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 11 : 23-Sep-20

The federal government has forecast that a major upgrade of the national broadband network will boost GDP by $6.4bn a year by 2024. The $4.5bn upgrade project is also expected to generate about 25,000 jobs over coming years as more businesses and households gain fast internet access. NBN Co will allocate $3.5bn to rolling out high-speed fibre cables to nearly 10 million households and businesses, which will be given the option of taking up a fibre-to-the-premises connection. Communications Minister Paul Fletcher says it was always the Coalition’s intention to upgrade the NBN to full fibre when the initial rollout was completed.

CORPORATES
NBN CO LIMITED, AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND COMMUNICATIONS

ACCC to investigate high cost of low speed NBN plans

Original article by James Fennessy
The Australian Financial Review – Page: 13 & 19 : 15-Oct-19

The Australian Competition & Consumer Commission will undertake an investigation into NBN Co’s wholesale pricing. The focus of the investigation will be on whether NBN has concentrated too much on developing products for those who want high internet access speeds at the expense of consumers who only want low internet speeds. The Australian Communications Consumer Action Network has warned that a significant section of the community will be excluded from getting an NBN service if its prices increase any further.

CORPORATES
NBN CO LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN COMMUNICATIONS CONSUMER ACTION NETWORK

Telstra stung by go-slow on NBN

Original article by Supratim Adhikari
The Australian – Page: 19 : 3-Sep-19

NBN Co’s latest corporate plan indicates that seven million homes will have an active National Broadband Network service by 30 June 2020, compared to its previous forecast of 7.5 million. The slowdown in the number of homes being connected to the NBN will not only impact on NBN Co’s revenue forecasts but on Telstra’s as well. The telco has advised that the slowdown will reduce its revenue by about $400m.

CORPORATES
NBN CO LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS

Consumers who know their NBN speed are more satisfied with their provider

Original article by Roy Morgan
Market Research Update – Page: Online : 27-Aug-19

New research from Roy Morgan shows that consumers who know what their NBN plan’s ‘typical evening speed’ should be are more satisfied with their provider (78%) than those who do not know (68.1%), according to research conducted in the three months to June 2019. Analysis of the consumer NBN market shows that 49.9% of consumers do not know "What typical evening speed is included in your NBN plan?" Interestingly, this lack of knowledge about speed is not simply because someone may not be the Primary or Joint Fixed Broadband Decision Maker. For the 49.9% of consumers who do not know the ‘typical evening speed’ of their NBN plan a clear majority of 59.8% are either the Primary (25.2%) or Joint (34.6%) Fixed Broadband Decision Maker. There is a clear link between those who do know their NBN speed tier and increased satisfaction with their internet service provider (78.0%). In contrast, just over two-thirds of those who did not know their typical evening speed (68.1%) were satisfied with their internet service provider, a significant difference of 9.9% points.

CORPORATES
ROY MORGAN LIMITED

Telstra behind high NBN prices

Original article by Supratim Adhikari
The Australian – Page: 17 & 27 : 1-Aug-19

Telstra CEO Andy Penn has used a National Press Club speech to call for NBN Co to reduce the wholesale prices that it charges for accessing the national broadband network. He argued that the current wholesale prices means it is not profitable for telcos to resell NBN services, and that reducing these charges would encourage investment in the sector. However, Andrew Sheridan of Optus argues that the high wholesale prices are at least partly due to NBN Co’s ongoing payments to Telstra. Vodafone CEO Inaki Berroeta agrees with his comments.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, NBN CO LIMITED, SINGTEL OPTUS PTY LTD, VODAFONE AUSTRALIA LIMITED

NBN bleeds as revenue targets prove elusive

Original article by James Fernyhough
The Australian Financial Review – Page: 15 : 7-May-19

NBN Co has advised that it recorded revenue of $2 billion for the nine months to 31 March, although it posted a net loss of $3.4 billion for the period. As of March, 8.8 million Australian households were ready to connect to the NBN, with fibre-to-the-node the most common form of connection technology. NBN has set an average revenue per user target of $51 per month by 2022, but its ARPU is currently only $45 per month, up from $44 a year ago. NBN Co may need to seek a bailout from the federal government if it does not meet this target.

CORPORATES
NBN CO LIMITED, AUSTRALIAN LABOR PARTY

Telcos slam NBN’s marketing push

Original article by James Fernyhough
The Australian Financial Review – Page: 13 & 18 : 26-Mar-19

Telcos such as TPG Telecom have accused NBN Co of targeting their business customers. Their view is that NBN Co is meant to be a wholesaler and it should not be having direct contact with end users. The Australian Competition & Consumer Commission has observed that NBN Co is permitted to directly promote its services to end users, but that it is not permitted to recommend retail service providers to end users. The ACCC’s view has been backed up by the federal government.

CORPORATES
TPG TELECOM LIMITED – ASX TPM, NBN CO LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, SINGTEL OPTUS PTY LTD, COLES GROUP LIMITED – ASX COL, TELSTRA CORPORATION LIMITED – ASX TLS, MACQUARIE TELECOM GROUP LIMITED – ASX MAQ

TPG calls for reduction in damaging NBN price

Original article by James Fernyhough
The Australian Financial Review – Page: 14 & 20 : 20-Mar-19

TPG Telecom has posted a 2018-19 interim net profit of $47.4m, which is 76.3 per cent lower than previously. The result was marred by a write-down associated with a decision to shelve plans for its own mobile network. TPG has advised that earnings from its core residential fixed-line broadband business fell 4.8 per cent to $243m during the half-year. CFO Craig Levy has warned that TPG will have to scrap its entry-level national broadband network plan unless NBN Co reduces its wholesale prices for budget plans.

CORPORATES
TPG TELECOM LIMITED – ASX TPM, NBN CO LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, NEW STREET RESEARCH, GOLDMAN SACHS AUSTRALIA PTY LTD, VODAFONE AUSTRALIA LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION