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

 


Orcon to pass on full copper price reduction to customers

MEDIA RELEASE

5 November, 2013

Orcon to pass on full copper price reduction to customers

Orcon CEO Greg McAlister today reiterated the company’s commitment to lower broadband prices and promises to pass on any copper savings directly to consumers.

“We will cut broadband prices dollar for dollar in line with the regulatory costs we face. Any savings we see will be passed through directly to our customers.

“The Prime Minister and Amy Adams are both on record saying that lower copper prices won’t necessarily benefit consumers. I haven’t spoken to either of them so for them to comment on pricing structures probably reflects the conversations they have had with Chorus, but not the internet retailers. I can guarantee that Orcon customers will benefit.

“The lower the regulated price of broadband, the lower the price of Orcon broadband,” says McAlister.

McAlister says he believes assertions today by Chorus that it needs copper prices to stay artificially high in order to build the UFB network seem extremely convenient for Chorus and unfair to customers who will be stuck on copper to 2020 or beyond.

“We are New Zealand’s leading UFB retailer. Every month we sign up more people to the network than the month before. The migration to fibre is steadily building momentum.

“In fact, I predict that sometime next year we will be signing up more new customers to UFB each day than to the copper network. In the meantime, copper users shouldn’t be subsidising people who want fibre,” concludes McAlister.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Restrictions Lifted: No Further Tau Flies Found

The Ministry for Primary Industries (MPI) confirms that all restrictions on the movement of fruit and vegetables in Manurewa, Auckland, due to the Tau fly, have been lifted as of 2.26pm on Sunday 7 February. More>>

Crowdfinding: Awaroa Beach To Become Public Land If Appeal Succeeds

Conservation Minister Maggie Barry says a privately-owned beach will become part of the Abel Tasman National Park if an online crowdfunding campaign to buy it succeeds... More>>

ALSO:

Meat Workers Union: Waitangi Mondayisation Flaunted By Large Employer Of Maori

At the AFFCO Talley owned meat plant in Rangiuru, the company has resorted to bullying and threats... saying they could be disciplined and their union sued for an unlawful strike if workers exercise their rights to a paid day off tomorrow. More>>

Earlier:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news