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

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news