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

 


Commerce Commission sets December deadline on Chorus pricing

Commerce Commission sets December deadline on Chorus copper pricing; shares jump

March 28 (BusinessDesk) - The Commerce Commission plans to determine a final price for what Chorus can charge users of its copper line services by Dec. 1. The shares gained 4.6 percent, making it the best performing stock on the benchmark NZX 50 Index today.

The regulator will conduct the final pricing principle for Chorus’s unbundled bitstream access and unbundled copper local loop services by December, when the telecommunications network operator is expected to adhere to the new regulated prices initially set by using international comparisons.

“In February the commission outlined the process for pricing the UBA service only but following discussions with modellers retained for the exercise, French firm TERA Consultants, the commission believes it is possible to complete both processes in this time frame,” it said in a statement.

The commission was already working on a similar determination for access to Chorus’s UCLL services, which lets retailers rent the lines for voice and broadband services, and will use the UCLL process to help inform the UBA one. UBA services give internet service providers access to the network company’s electronic switchgear on the copper lines.

Shares in Chorus climbed 7.5 cents to $1.70, and have gained 13 percent this year after being punished in 2013 due to the regulatory risk surrounding its future.

The pricing review is in parallel with a Chorus appeal of the commission’s initial pricing determination in November last year setting the UBA monthly price at $10.92, cutting the combined regulated price to $34.44 per line from $44.98.

Justice Stephen Kos reserved his decision in the High Court earlier this month, while indicating he would have serious reservations about setting aside the review and ordering it to be done again.

(BusinessDesk)


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Restrictions Lifted: No Further Tau Flies Found

The Ministry for Primary Industries (MPI) confirms that all restrictions on the movement of fruit and vegetables in Manurewa, Auckland, due to the Tau fly, have been lifted as of 2.26pm on Sunday 7 February. More>>

Crowdfinding: Awaroa Beach To Become Public Land If Appeal Succeeds

Conservation Minister Maggie Barry says a privately-owned beach will become part of the Abel Tasman National Park if an online crowdfunding campaign to buy it succeeds... More>>

ALSO:

Meat Workers Union: Waitangi Mondayisation Flaunted By Large Employer Of Maori

At the AFFCO Talley owned meat plant in Rangiuru, the company has resorted to bullying and threats... saying they could be disciplined and their union sued for an unlawful strike if workers exercise their rights to a paid day off tomorrow. More>>

Earlier:

ETS Review: Modelling Documents Released

Three technical documents are being released to help New Zealanders engage with the Emissions Trading Scheme (ETS) review, Climate Change Minister Paula Bennett says. More>>

ALSO:

Northland: Govt Plan Targets Transport, Web, Maori Assets

The government has released a 10-year plan to attract investors and lift economic growth in Northland, a region that perennially underperforms the rest of the country even while being endowed with natural beauty, productive land, minerals, a potential workforce, scope for manufacturing, forestry and aquaculture, and proximity to Auckland. More>>

ALSO:

Statistics: Unemployment Rate Falls To 5.3 Percent

The unemployment rate fell to 5.3 percent in the December 2015 quarter (from 6.0 percent), Statistics New Zealand said today. This is the lowest unemployment rate since March 2009. There were 16,000 fewer people unemployed than in the September ... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news