NBN cost rise no surprise to Thodey, further increase not expected

Original article by David Ramli
The Australian Financial Review – Page: 23 : 1-Sep-15

Former Telstra CEO David Thodey expects the latest blowout in the cost of the national broadband network will be the last as NBN Co develops a firm understanding of its challenges. It was not unusual to confront large increases in technology projects, said Thodey, who negotiated the sale of Telstra assets to NBN Co. The latest figure of $A56 billion is up $A15 billion on earlier estimates.

CORPORATES
NBN CO LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, OVUM RESEARCH

NBN’s secret strategy to bypass telcos

Original article by David Ramli
The Australian Financial Review – Page: 6 : 26-Aug-15

NBN Co would like to use retailers to sell internet access. The company is considering selling a wholesale service to new entrants such as Woolworths, Australia Post or Vodafone Australia which would resell NBN services under their own brands. Smaller internet service providers could be disadvantaged if the proposal to that effect is indeed implemented.

CORPORATES
NBN CO LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, WOOLWORTHS LIMITED – ASX WOW, AUSTRALIA POST, VODAFONE AUSTRALIA LIMITED, M2 GROUP LIMITED – ASX MTU, DODO AUSTRALIA PTY LTD, IPRIMUS

NBN must find $26.5b to fund cost increases

Original article by David Ramli
The Australian Financial Review – Page: 3 : 25-Aug-15

NBN has revealed a 36.6 per cent blowout in costs to $A56 billion, up from the $A41 billion previously forecast for the national broadband rollout. As the government’s funding cap of $A29.5 billion has not increased, NBN will have to raise up to $A26.5 billion from other sources.

CORPORATES
NBN CO LIMITED, M2 GROUP LIMITED – ASX MTU, DODO AUSTRALIA PTY LTD, PRIMUS AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS, AUSTRALIAN LABOR PARTY, FOXTEL MANAGEMENT PTY LTD

ACCC gives tick to TPG’s iiNet takeover

Original article by David Ramli
The Australian Financial Review – Page: 20 : 21-Aug-15

The Australian Competition and Consumer Commission has approved TPG Telecom’s takeover of iiNet. TPG will now become Australia’s second biggest provider of fixed-line broadband with 1.7 million customers, compared with 3.1 million for Telstra and one million for Optus.

CORPORATES
TPG TELECOM LIMITED – ASX TPM, IINET LIMITED – ASX IIN, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, AUSTRALIAN COMPANIES AND SECURITIES COMMISSION, ASX LIMITED – ASX ASX, M2 GROUP LIMITED – ASX MTU, DODO AUSTRALIA PTY LTD, IPRIMUS, NBN CO LIMITED

Regulator close to call on NBN cable network deal

Original article by David Ramli
The Australian Financial Review – Page: 15 : 29-Jun-15

On 23 June 2015, the Australian Competition & Consumer Commission (ACCC) approved a deal for Telstra to lease its telecommunications infrastructure to NBN. The ACCC is yet to rule on a deal for NBN to buy the hybrid-fibre coaxial network of Singtel Optus for $A800m. This deal would significantly speed-up the roll-out of the national broadband network. The ACCC expects to issue a draft ruling on the Optus deal in July.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, NBN CO LIMITED, SINGTEL OPTUS PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. DEPT OF COMMUNICATIONS

Death of the dongle? USB mobile broadband usage declines as more Aussies tether smartphones

Original article by Roy Morgan Research
Market Research Update – Page: Online : 25-Nov-14

A Roy Morgan Single Source survey has found that 26.5 per cent of Australians aged 14+ had one or more mobile connections in the six months to September 2014. This compares with 30.7 per cent in the six months to September 2013. The survey also shows that 7.4 per cent of Australians now use a USB modem, down from 10.8 per cent, while the proportion who use tablet SIM cards has fallen from 4.3 per cent to 3.7 per cent. Meanwhile, almost 2.1 million Australians now use their smartphone as a modem in an average four-week period, compared with 1.9 million a year ago

CORPORATES
ROY MORGAN RESEARCH LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT

Report damns NBN Co’s corporate governance

Original article by Anne Hyland
The Australian Financial Review – Page: 1 & 4 : 14-Aug-14

KordaMentha has been critical of the NBN Co board in its report on the entity’s corporate governance. The firm states in the report that directors who served on the board of the national broadband network roll-out manager between 2009 and September 2013 did not have enough experience and skills to manage Australia’s biggest infrastructure project. KordaMentha’s findings have been questioned in a letter signed by NBN Co directors Peter Hay, Gene Tilbrook, Harrison Young, Diane Smith-Gander, Siobhan McKenna, Terry Francis, Rick Turchini, Brad Orgill and Alison Lansley

CORPORATES
NBN CO LIMITED, TRANSFIELD SERVICES LIMITED – ASX TSE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, KORDA MENTHA AND COLLEAGUES PTY LTD, ILLYRIA PTY LTD

iiNet says NBN key to its growth

Original article by David Ramli
The Australian Financial Review – Page: 13 & 20 : 1-Aug-14

The newly appointed CEO of iiNet, David Buckingham, has unveiled his plans for the group. He would like the Australian-listed ISP to expand in the business technology and mobile service markets. Buckingham also wants the company to be more active in the roll-out of the national broadband network. The company has about one million subscribers and a market capitalisation of $A1.23 billion

CORPORATES
IINET LIMITED – ASX IIN, NBN CO LIMITED, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT, SINGTEL OPTUS PTY LTD, ASX LIMITED – ASX ASX, GOOGLE INCORPORATED, M2 GROUP LIMITED – ASX MTU