Hovanessian expects there will be 4.5 million people with a broadband connection in Australia by the end of 2006, and they are the company's target. BroadIP is finalizing negotiations with US and European VOIP providers for global termination and reciprocal trade.

"We believe we are the first Australian company to provide a bundled broadband, unlimited VOIP and line rental product, and a true, unlimited local and national access plan for residential customers," Hovanessian said.

BroadIP VOIP plans range from A$19.99 a month for residential services to A$75 per user per month for business, including unlimited local and national calls and a free Mitel handset.