Vodafone MD Appointed As NBN Co CEO As Strategic Review Gets Released

Vodafone CEO Bill Morrow is the new head of the National Broadband Network Company, announced on the same day a damning report into the roll-out of Labor's FTTN NBN was finally released.

It was reported last night that Morrow, the now ex-head of Vodafone Australia, would pick up the top job.

Speaking to the Parliament this afternoon, Malcolm Turnbull announced that Bill Morrow will be the new CEO of the NBN Co.

In his Ministerial Statement, Turnbull also highlighted findings from the 60-Day Review into NBN Co, saying that if the FTTN roll-out had been completed, the cost would be roughly $72.9 billion -- a blow-out of $29 billion -- with the project being finalised in 2024.

Not everything is rosy for the government, however, being forced to break its promise of a national 25Mbps download speed by 2016, instead promising 50Mbps via a mix of technologies to be delivered at a later date. The government's NBN plan has also now blown out to $41 billion to complete.

We'll bring you more on the strategic review soon.