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

 


Commission Fails to Prove Case for Regulation

Commission Fails to Prove Case for Regulation

Regulating the cost of fixed to mobile calls is an unnecessary step that fails to understand changes that are already happening in the sector.

“This is regulation for the sake of regulation,” Telecom General Manager Government & Industry Relations Bruce Parkes said today. “The Commission has failed to make a case for why fixed to mobile calls should be regulated, but is recommending that step nevertheless.

“The Commission has in fact concluded that depending on the assumptions it uses, New Zealand as a whole could be worse off or only marginally better off as a result of the regulation.

“Prices for customers have been coming down sharply – and there was another big step in that direction last month with Telecom’s launch of Freedom calling plans which allow virtually unlimited calling between nominated fixed and mobile numbers for $10 a month.

“This recommendation would see the pointless extension of regulatory powers into new areas.”

Mr Parkes said the move would impact the revenue of mobile phone providers such as Telecom.

Telecom would be making a submission to the Minister of Communications before he makes a decision on the report, Mr Parkes said.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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>>

ALSO:

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>>

ALSO:

Results:

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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news