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

 

OceanaGold: Man Killed In Waihi Mine Accident

A 29-year-old man had died following a work place accident at OceanaGold mine, Waihi last night. The man was killed after the front end loader he was in rolled down a slope. The accident happened at approximately 6.30pm on Thursday night. More>>

ALSO:

Constructing Consent: Annual Housing Consents Highest In Over A Decade

More than 29,000 new homes gained building consent in the year to June 2016, up 16 percent from the previous June year, Statistics New Zealand said today. More>>

ALSO:

War Against Weevil For Future Peas: “No Peas, No Weevil” Ban Now In Place In Wairarapa

The Ministry for Primary Industries (MPI) has today placed a ban on growing peas within a specified area and placed controls on moving pea material (seed and untreated pea straw) within, in and out of this area for the next 2 years. More>>

ALSO:

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news