iTnews
  • Home
  • News
  • Technology
  • Networking

ICON network sell-off to begin in June

By Paris Cowan on Feb 13, 2015 9:47AM
ICON network sell-off to begin in June

Review to assess security implications of third-party ownership.

The federal government expects to approach potential buyers of its secure Canberra agency-to-agency fibre network ICON as soon as June this year.

The potential privatisation of the network was first made public in December's mid-year economic and fiscal outlook (MYEFO). The Government hopes it can use the sale to inject much-needed revenue back into its debt reduction program.

The Intra-Government Communications Network (ICON) is made up of 150,000km of fibre connecting 400 government buildings and 80 agencies throughout the ACT. It is accredited to carry information up to the ‘protected’ classification without encryption.

During March and April, the Department of Finance plans to commission a business advisor to scope its options for the future ownership of ICON, including any potential impacts on customers, industrial issues likely to impact current ICON employees, ways to minimise residual liabilities to the government, and how to get the best financial outcome for the government.

The report is expected to pay particular attention to assessing whether a third party will be able to maintain a level of data protection "appropriate for the Government’s security requirements" when transferring data between geographically separate locations.

Finance is currently inviting bids for organisations interested in conducting the review.

Contingent on the findings of the report, which is due at the end of April, the department will move ahead with sounding out possible buyers as early as June.

ICON is currently run by a unit within Finance, which delivers connectivity to agencies on a cost recovery basis.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © iTnews.com.au . All rights reserved.
Tags:
canberradepartment of financeiconnetworknetworkingprivatisation

Partner Content

The Great Resignation has intensified insider security threats
Promoted Content The Great Resignation has intensified insider security threats
How to turn digital complexity into competitive advantage
Promoted Content How to turn digital complexity into competitive advantage
Avoiding CAPEX by making on-premise IT more cloud-like
Promoted Content Avoiding CAPEX by making on-premise IT more cloud-like
Security: Understanding the fundamentals of governance, risk & compliance
Promoted Content Security: Understanding the fundamentals of governance, risk & compliance

Sponsored Whitepapers

Free eBook: Digital Transformation 101 – for banks
Free eBook: Digital Transformation 101 – for banks
Why financial services need to tackle their Middle Office
Why financial services need to tackle their Middle Office
Learn: The latest way to transfer files between customers
Learn: The latest way to transfer files between customers
Extracting the value of data using Unified Observability
Extracting the value of data using Unified Observability
Planning before the breach: You can’t protect what you can’t see
Planning before the breach: You can’t protect what you can’t see

Events

  • Forrester Technology & Innovation Asia Pacific 2022
By Paris Cowan
Feb 13 2015
9:47AM
0 Comments

Related Articles

  • US needs billions more to remove Huawei, ZTE
  • Datacom ends DXC's 10-year reign as TfNSW's network services provider
  • HyperOne completes detailed design of Syd-Melb fibre segments
  • Ausconnex flicks switch on dark fibre network
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

NSW Police dumps Bezos-backed Mark43 from core systems overhaul

NSW Police dumps Bezos-backed Mark43 from core systems overhaul

Australian court finds insurer not liable for ransomware clean-up costs

Australian court finds insurer not liable for ransomware clean-up costs

NBN Co proposes to axe CVC across all plans by mid-2026

NBN Co proposes to axe CVC across all plans by mid-2026

ADHA extends Accenture's My Health Record support deal for $100m

ADHA extends Accenture's My Health Record support deal for $100m

Digital Nation

COVER STORY: How KPMG, Mirvac and ASX use blockchain to build trust in the property sector
COVER STORY: How KPMG, Mirvac and ASX use blockchain to build trust in the property sector
Australia will lose 11 percent of jobs to automation by 2040: Forrester
Australia will lose 11 percent of jobs to automation by 2040: Forrester
Metaverses on the agenda for Dominello, Husic ministerial meeting
Metaverses on the agenda for Dominello, Husic ministerial meeting
Domino’s invests in observability for zero contact delivery
Domino’s invests in observability for zero contact delivery
Criteo to fork out $94.7m for consent breaches
Criteo to fork out $94.7m for consent breaches
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.