Commerce Commission Report confirms TCF findings

Commerce Commission Report confirms TCF findings

The New Zealand Telecommunications Forum (TCF) welcomes the Commerce Commission’s annual telecommunications monitoring report which shows that New Zealanders are well served by the industry. The Commission findings support the information published earlier this year by the TCF in the industry report, Telecommunications – Enabling New Zealand’s Future.

New Zealand boasts world class fixed and mobile networks, priced under OECD averages. Consumers continue to gain benefits from a high level of investment by the industry in both fixed line and mobile technology. Our investment rate, compared to revenue, was second highest out of the OECD countries who we regard as our main competitors in global export markets. It is the same when considered per capita.

The Commission’s report shows that this investment has enabled huge growth in usage of internet services by consumers and businesses. This has resulted in improvements in the quality of these services. The report also highlights that while investment and demand for data has increased, revenues have continued to decline.

Looking forward, the TCF industry report predicts that mobile data volume will grow seven-fold by 2019 and New Zealand’s fixed internet traffic will double.

-ENDS-