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

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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