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


TelstraSaturn decision released

TelstraSaturn decision

Media Release

Issued 24 December 2001/141

Commerce Commission releases its decision on TelstraSaturn:

The Commerce Commission has released the public copy of its decision to clear TelstraSaturn Limited to acquire CLEAR Communications Limited.

The Commission cleared TelstraSaturn's application to acquire CLEAR on December 7.

Acting Commission Chair Paula Rebstock said that the Commission is satisfied that the proposed acquisition would not substantially lessen competition in any market.

"The Commission concluded that 18 different telecommunication markets were relevant to its assessment of the implications of the proposed acquisition," said Ms Rebstock.

"Potential concern had been raised regarding the possible creation of a duopoly and a consequent lessening of competition, in particular in the wholesale market for backbone transmission.

"However, owing to the presence of Broadcast Communication Limited (BCL) in that market and the high level of unused capacity, the Commission concluded that there would not be a substantial lessening of competition in that market.

"In a number of other markets, the acquisition leads to only small levels of aggregation, while in other cases, the presence of a significant number of other competitors is likely to constrain the merged entity."

The decision is available on the Commission's website, ENDS

© Scoop Media

Business Headlines | Sci-Tech Headlines


Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>

All District Health Boards: Historic Pay Equity Settlement

An historic agreement has been ratified that addresses a long-standing undervaluation of a workforce that is critical to the smooth running of our hospitals and the delivery of healthcare... More>>

MPI: Dry Autumn In Waikato And South Auckland Leads To Drought Classification Drought conditions affecting the primary sector in the Waikato and South Auckland were today classified as a medium-scale adverse event, enabling a package of support for farmers and growers... More>>

Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>

DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>

Immigration: Annual Net Migration Loss Of 7,300

The provisional net loss of 7,300 people in the year ended March 2022 was the lowest net migration for a March year since 2012, Stats NZ said today... More>>