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

 


Latest retail price benchmarking for telco services

Commerce Commission releases latest retail price benchmarking for telco services

The Commerce Commission has released its third report benchmarking New Zealand retail prices for fixed-line phone and broadband services against international prices. A report benchmarking retail prices in New Zealand’s mobile markets will be published in early 2014.

Retail price benchmarking gives an indication of the competitiveness of New Zealand telecommunications markets by comparing prices paid for telecommunications services by New Zealand customers with the prices paid by customers in other OECD countries.

Most customers now buy broadband together with phone services. Prices for a bundle with 60GB of data have dropped 14 percent over the past two years. However, these bundles are still priced 30 percent higher than the OECD average.

For broadband bought without phone services – called naked broadband – New Zealand's pricing for average data consumption is more competitive. For customers with a 60GB broadband plan prices have dropped 41 percent in two years and are 4 percent less than the OECD average, however, these prices are only available to subscribers with an on-account mobile.

The pricing of residential fixed-line voice services purchased without broadband continues to be considerably higher than the OECD average for the average customer. However, competition from mobile and other services appears to have stopped Telecom from further raising its standard residential line rental, which has stayed at $50 a month since June 2011.

For heavy phone users, the story is better. Prices for this group have reduced by about a third since 2011 to a little under the OECD average. The key reason for this is Telecom’s introduction of unlimited national calling for $10 more than the standard line rental.

You can view the report, as well as previous ones, on the Commission's website at:www.comcom.govt.nz/regulated-industries/telecommunications/market-monitoring-2/telecommunications-market-reports

Background
The Commerce Commission is responsible for monitoring and reporting on competition in telecommunications markets and on the performance and development of those markets.

Since 2007, the Commission has been releasing regular reports on the state of telecommunications markets in New Zealand and reporting on key developments. This report is one of a series of reports prepared and published by the Commission under the Telecommunications Act 2001.

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