Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Telecommunications framework a win for consumers

Media statement

Wednesday, 04 October 2000

Telecommunications framework a win for consumers and the industry, says CLEAR

The Ministerial Inquiry into Telecommunications' recommendations for reform are pro-competition and pro-business, says CLEAR Communications.

Corporate Development Director Rhoda Holmes today welcomed the Inquiry's final report, saying its proposed framework for telecommunications would benefit both the industry and its consumers.

"It is a balanced and realistic model that gives us a set of rules and a referee, so all players can get on with the job of competing on an even footing," said Mrs Holmes.

"The Inquiry's research suggests consumers stand to save $328million each year from increased competition. That's a payoff for every business and home in the country, and a marvellous return on a projected $1.5million investment in a commercially-sensitive industry framework."

CLEAR welcomed the Inquiry's focus on light-handed regulation. The proposed model gave the industry plenty of room to settle issues by commercial negotiation, and recommended a lean, low-cost administrative structure.

Also welcome were recommendations that would vastly improve competitive access to the nation's local network. In particular, cost-based interconnection would put downward pressure on retail prices and would pave the way for increased competition.

Mrs Holmes also endorsed the Inquiry's proposal on the deferred designation of number portability, which is a critical facility for any consumer wanting to change suppliers. This proposal would give the industry time to get its house in order, and sent a signal that consumers should not wait forever for true portability.

ENDS

For further information contact Ross Inglis Public Affairs Manager CLEAR Communications Ph: (09) 912 4400 Office Ph: (021) 636 228 Mobile




© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

OECD On NZ: NZ's Living Standards Framework Positive But Has Gaps

Treasury’s living standards framework reflects good practice internationally but has some data gaps, including in areas where New Zealand fares poorly, the Organisation for Economic Cooperation and Development says. More>>

ALSO:

RBNZ Act Review: Govt Plans Deposit Guarantee Scheme

The Coalition Government today announced moves to make New Zealand’s banking system safer for customers through a new deposit protection regime, and work to strengthen accountability for banks’ actions. More>>

ALSO:

Conduct Review Response: Banks Commit To Removing Sales Incentives

The FMA and Reserve Bank of New Zealand said today that all banks had committed to remove sales incentives from frontline staff and their managers. More>>

Consumer Report: Insurance Market Complaints And Uncertainty

Consumers are paying more than ever for insurance but they’re not getting a fair deal, Consumer NZ’s latest report on the industry shows. More>>

ALSO:

Workers “Blind-Sided”: Sanford Processing Restructure Plan

Up to 30 jobs – almost half Sanford’s Bluff workforce - could be lost if the proposal to move white-fish processing to Timaru goes ahead. More>>