The government-owned company responsible for building and operating the National Broadband Network paid its staff and executives $77m in bonuses between July and December last year, new documents reveal. New data released to the Senate in response to questions on notice from a Senate estimates committee reveal NBN Co paid $4.3m in bonuses to executives including the CEO, and paid employees $73.2m in bonuses between July and December 2020. The.
NBN Co eyes alternatives to current wholesale bundle discounts
NBN Co eyes alternatives to current wholesale bundle discounts
New consultation round begins Credit: Supplied
NBN Co is exploring possible alternatives to its current bundle discount for National Broadband Network (NBN) Access Virtual Circuit (AVC) and Connectivity Virtual Circuit (CVC) charges as it launches a fresh round of industry consultation on its wholesale pricing.
The AVC and CVC charge, respectively, serve as an access charge based on speed tier and capacity charge for retail services providers (RSPs) that sell NBN services to end customers.
NBN Co periodically consults with industry on its wholesale pricing. This year’s consultation follows the completion of its Wholesale Pricing Review in November 2019, which resulted in the introduction of some wholesale pricing discounts and additional data inclusions, the introduction of national CVC pooling, new higher speed tiers and th
Australia s National Broadband Network has become a tale of haves and have-nots, with the company announcing speed upgrades for some while confirming others will have to wait months to connect at all.
NBN Co unveiled details about both groups at its half-yearly financial announcement on Wednesday, revealing another 100,000 households had been identified for upgrades from copper to speedier fibre technology, while others would have to manage without any fixed broadband connection due to hardware shortages. One Sydney man hit by the NBN problem said he d been forced to hold up his smartphone to a window to get any internet access at all.
Starlink s secrets revealed as first Australian customers sign up ahead of launch later in 2021
Posted
ThuThursday 11
updated
WedWednesday 3
MarMarch 2021 at 2:22am
Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.
Watch
(Courtesy: Andrew Wall)
Share
Print text only
Cancel
Michael Kelland, an information architect from Yarramalong Valley 80km north of Sydney, is proud to be one of the first Australian customers for a much-anticipated new satellite internet service.
Key points:
Elon Musk s satellite internet service Starlink signed up its first batch of Australian customers this week
It promises to deliver internet to remote corners of Australia but provide a less laggy service than NBN satellite, but is largely untested
NBN Co’s earnings surge despite CVC capacity freebies
NBN Co’s earnings surge despite CVC capacity freebies
Do NBN Co’s latest financials suggest that the company got its CVC pricing wrong from the outset? Credit: Supplied
NBN Co CEO Stephen Rue has flagged that the company is on track to enjoy positive full-year earnings before tax, interest, depreciation and amortisation (EBITDA) for the first time, despite pledging additional capacity and retailer discounts last year.
In March 2020, the National Broadband Network (NBN) builder decided to “incrementally increase” its data capacity allocation to retail service providers (RSPs) in anticipation of a shift in peak traffic hours after facing increased pressure on its network as the COVID-19 pandemic saw thousands of Australians work from home.