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

 


Commission must take the time to get broadband prices right

Commission must take the time to get broadband prices right


InternetNZ has lodged a cross-submission to the Commerce Commission as it works to set final prices for copper broadband services, making the case for a more measured process that will see fair prices set.

InternetNZ CEO Jordan Carter says “the Commerce Commission needs to take the time to get this right.

“The Commission is charged by law to be the consumer guardian when it comes to regulating broadband prices. The timeframe the Commission is aiming at won’t give it time to do the job that needs to be done. We say that, and the industry says it too in their submissions.

“Chorus is the only company that wants a rushed process, but they would say that, wouldn’t they? The comparably simple FPP took two years to conclude and Chorus then went to court claiming the Commission’s process was wrong.

“We strongly urge the Commission to abandon the headlong rush, and take the time to get these prices right. That’s how it can best guard consumer interests – and it’s the best way to make sure Kiwis end up paying a fair price for copper broadband,” Jordan Carter says.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

ALSO:

Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

ALSO:

Transport: Boards Of Inquiry For Auckland Roading Projects

Boards of Inquiry have been appointed to decide on two significant Auckland roading projects in a move which will get a decision by the end of the year, Environment Minister Dr Nick Smith and Conservation Minister Maggie Barry announced today. More>>

ALSO:

Three Months On: Quake Reciovery In Kaikōura And Elsewhere

Three months after the magnitude 7.8 earthquake on 14 November, encouraging recovery progress is being made in affected communities. More>>

ALSO:

Jetstar, Qantas For Govt Transport: Government Still In Talks With Air NZ

The government is still negotiating with national carrier Air New Zealand in a cross-agency air travel contract that will add a number of new airlines to the list of approved flyers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news