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

 

Xero Approves: No More Need For Written Signatures On Tax Returns

The passing of legislation that will allow Inland Revenue to accept electronic signatures will free up accountants and others from an outdated system. More>>

ALSO:

Budget Building Battle: Bill English Blames Council On Housing

The Nation: Finance Minister blames Auckland Council for housing shortage, saying it is responsible for land, housing and infrastructure supply in the city, while government provides rental subsidies... More>>

ALSO:

Megiaglommeration: NZME And Fairfax Apply For Authorisation To Merge

The Commerce Commission has received an application from Wilson and Horton Limited (trading as NZME) and Fairfax NZ Limited seeking authorisation to merge their media operations in New Zealand. More>>

ALSO:

Brewing: Lion To Buy Cult Upper Hutt Brewer Panhead

Lion - Beer, Spirits and Wine (NZ), New Zealand's biggest beer maker, has agreed to buy Panhead Custom Ales from the family of founder Mike Neilson, its second such purchase of a popular craft brewer after the acquisition of Dunedin-based Emerson's Brewing Co in 2012. More>>

ALSO:

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news