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

 

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:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

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