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

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

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