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

 

Revenue Renewal: Tax Modernisation Programme Launched

Revenue Minister Todd McClay today released the first two in a series of public consultations designed to modernise and simplify the tax system. More>>

ALSO:

Scoop Business:
NZ Puts Seven New Oil And Gas Areas Put Up For Tender

A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. More>>

ALSO:

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news