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


Telecom provides revised TSO cost to Commission

Telecom provides revised TSO cost to Commission

The Commerce Commission is required under the Telecommunications Act to determine annually the net cost to Telecom New Zealand Limited (Telecom) of providing local residential telephone services under Telecom’s telecommunications service obligation (TSO), and to apportion that cost between Telecom and other network operators.

As an input to the Commission’s process, Telecom was required to provide the Commission with a net cost calculation. On 19 September 2002, Telecom provided a calculation within the statutory timeframe of $226.5 million for the period from 20 December 2001 (the commencement date of the Act) to 30 June 2002. Telecom requested further time to supply a revised calculation in accordance with parameters set by the Commission.

Telecom has now provided the Commission with its revised TSO calculation, giving the net cost of complying with the TSO for local residential telephone service for the same period as $112 million (20 December 2001 to 30 June 2002).

In addition to Telecom providing a revised figure, the Commission has commenced work on its own calculations of the net TSO cost. The Commission is holding an industry workshop this week to outline its proposed approach to cost modelling and to discuss technical aspects of the modelling process.

The Commission expects to release a draft determination on the net TSO cost and how that cost will be apportioned across the industry early next year.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news