According to Ausbbs, it will be the first "National Broadband Network (NBN) generation ISP" to launch in 2012. The ISP plans to provide low cost broadband services for customers and release new high-bandwidth products that will complement the NBN.

Planned services include fixed-line broadband, wireless broadband, Voice over IP (VoIP), mobile plans, data storage, cloud computing, IPTV, and home security solutions.

In the 90s, Ausbbs CEO, Rob Appel, was an employee of OzEmail, an ISP which Shadow Communications Minister, Malcolm Turnbull, was formerly the chairman of. OzEmail was acquired by iiNet in 2005.

With the OzEmail experience under his belt, Appe began to explore last year, putting together a business plan and a team eight months ago.

The business model for Ausbbs centers on variable costs, low fixed costs -- including wages -- as well as securing services from third-party suppliers.