Who owns NBN lines?

NBN Co Limited, known as simply nbn, is a publicly-owned corporation of the Australian Government, tasked to design, build and operate Australia’s National Broadband Network as the nation’s wholesale broadband provider….NBN Co.

Type	Government-owned corporation
Website	nbnco.com.au

When was NBN introduced in Australia?

19 April 2011
First release sites (2011) Five areas comprising around 14,000 premises were chosen as the ‘first mainland sites’, each representing rollout challenges the NBN was expecting to face during an Australia-wide rollout, with the first services going live on 19 April 2011.

Is NBN a Commonwealth entity?

nbn is: an unlisted public company limited by shares incorporated under the Corporations Act and. a Commonwealth Company for the purposes of the PGPA Act.

Who is Telstra owned by?

As of today, Telstra is no longer owned by the government. The telco has over a million shareholders – it is the most widely held company on the ASX. The first Telstra CEO as a private company was David Thodey, who served from 2010 to 2015. Mr.

Which political party started the NBN?

The Labor Party Rudd government was elected on 24 November 2007 and initial planning commenced. The NBN was originally to deliver its wholesale service through fibre to the node (FTTN) and reach approximately 98\% of premises in Australia by June 2016.

Who is the CEO of NBN?

Stephen Rue (Sep 1, 2018–)
NBN Co/CEO
Stephen Rue is currently the Chief Executive Officer and Managing Director at NBN Co, a Government owned business enterprise whose goal is to build a national broadband network to provide high speed wholesale broadband services that will reach every Australian by 2020.

Is NBN a company?

NBN Co Limited (NBN Co) is a wholly-owned Commonwealth company – a Government Business Enterprise – and is represented by Shareholder Ministers – the Minister for Communications and the Minister of Finance.

Which government sold Telstra?

In August 2011, under Labor’s Gillard Government, the Future Fund sold its remaining “above market weight” Telstra shares, effectively completing Telstra’s privatisation. With more than one million shareholders, Telstra is currently the most widely held ASX-listed company.