Quigley reveals business plan to willing MPs

22.11.2010
NBN Co will reveal key components of its forthcoming business plan to senators and cross-bench MPs when it briefs them on the National Broadband Network on Monday this week.

In and seen by NBN Co chief executive, Mike Quigley, wrote the broadband wholesaler would reveal the total capital expenditure required to build the fibre-to-the-home network.

Members of Parliament who agreed to the closed door briefing would also be told the initial intended pricing for NBN Co's wholesale offering to retail service providers.

"NBN Co's business plan projects that [wholesale] prices will be reduced over time," Quigley wrote in the letter.

While some of the knowledge expected to be revealed at the briefing this week is already in public knowledge - such as the $27 billion peak equity rate of the project - senators and MPs are likely to be told that the project could provide an internal rate of return higher than the current long-term government bond rate.

Despite continuing doubts over key points of the business plan - including the location of national points of interconnect and the pending heads of agreement with the Telstra - Quigley told senators Conroy and Wong that NBN Co could still reveal key points from the as-yet-unreleased business plan.