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

 


InternetNZ supports Commission timetable for UBA final price

InternetNZ supports Commission timetable for UBA final price: calls on big players to pass savings on

InternetNZ (Internet New Zealand Inc) is pleased with today’s announcement from the Commerce Commission on its intended timeline for its work on the final price for unbundled bitstream access (UBA).

The Commission has announced that it will complete its determination of the UBA price under the final pricing principle by December 1, 2014; the same date that the new price will commence.

InternetNZ Chief Executive Jordan Carter says that this move would provide the certainty that people were worried would be lost.

“When InternetNZ formed the Coalition for Fair Internet Pricing, we were accused of creating instability. What we’ve done is illuminated a problem that is now being solved, and the Commerce Commission is playing its role by delivering the FPP quickly so the industry can gain price certainty and move on,” Mr Carter said.

“We know that some in the industry were concerned that the FPP process could drag on, and that the issue of back-dating a price arrived at after 1 December 2014 would mean that some retail providers would stall on passing on the savings from the price drop.

“If the Commerce Commission is able to meet its self-imposed deadline, then those fears will have been unfounded. The UBA calculation is relatively simple and the timeline should be manageable.”

“Orcon and CallPlus have both gone on record saying they’ll pass on the savings created by the UBA price cut to home broadband users.

“I repeat my call for Telecom and Vodafone to now do the same. The time for hollow words is over,” Jordan Carter says.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news