Australian Broadband Services (AusBBS) has announced it has secured first round funding for the development of its NBN network, meaning it will become the first ISP to operate exclusively over the National Broadband Network (NBN).

 

“We will be the first ISP to fully leverage the speed and capacity offered by the NBN, harnessing it to develop a very low cost business model, allowing us to offer cheaper and simpler internet access to all Australians. We will outsource the majority of our needs to specialists all over the country to ensure a top class service at a competitive price,” AusBBS CEO and founder Rob Appel said.

 

“The NBN will create a highly competitive environment in which new entrant ISPs can compete for the first time in many years. AusBBS will be among a new generation of ISPs structured to take advantage of non discriminatory wholesale pricing and passing on genuine benefits to customers.”

 

“By leveraging the power of the cloud to outsource most of our needs we can securely make available the applications and information our suppliers need, wherever they happen to be. Our overheads will be significantly reduced using this model, allowing us to offer competitively priced access plans to all Australians, wherever the NBN reaches,” concluded Appel.

 

More information is available here