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NBN boss Bill Morrow gets a payrise

AAP logoAAP 20/09/2016 Lilly Vitorovich

Bill Morrow, the chief executive of the company in charge of rolling out the national broadband network, has seen his annual pay jump 18.7 per cent to $3.6 million as the project gathers pace.

Mr Morrow's remuneration package for 2015/16 included a base salary and fees of $2.31 million and a $1.24 million bonus, plus around $42,000 in superannuation contributions and long service leave, according to NBN Co's annual report.

In 2014/2015, Mr Morrow was paid a total of $3 million, the bulk of which was made up of a base salary and fees totalling $2.28 million and a $483,000 bonus.

Mr Morrow recently urged the public to forget NBN's $49 billion construction price tag, and focus on the technological advances the NBN could afford in health, education and entertainment.

All companies should be considering how to make the most of the NBN, Mr Morrow said, urging them to get their "NBN strategy in shape".

Government-owned NBN Co last month increased its revenue target by 25 per cent to $5 billion for 2020 but revised how some connections would be made - shifting up to 1.5 million premises from cable internet connection to cheaper-fibre-to-the-node connection after a cost review.

Mr Morrow expects a 30 per cent jump in data consumption - bolstered by users watching videos and movies on mobile devices - to drive usage and revenue for the wholesale network.

NBN Co has forecast average revenue per user - a key figure for the telecommunications industry - of $52 a month by 2020, up from its previous target of $44 a customer by 2018.

Annual revenue more than doubled to $421 million in 2015/16, from $164 million a year earlier, underpinned by strong customer demand.

NBN Co is on track to connect eight million premises by 2020, up from three million now.

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