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

 

Telecom Examining Draft Decision


Telecom Examining Draft Decision

Telecom won’t firm up its view on the Commerce Commission’s draft determination on the wholesaling of its services until it has investigated all its possible implications.

“We do have an initial basic concern that the draft determination appears to go much further than the regulatory regime in Australia and covers a far greater range of services,” Telecom Chief Operating Officer New Zealand Simon Moutter said today.

“In addition, the Commission doesn’t seem to acknowledge that much of the telecommunications market in New Zealand is already competitive. Compare that with the situation in Australia where the Australian regulator has made a call to unregulate access in central business districts where there is competing infrastructure.

“Not recognising the fact the New Zealand market is competitive would be an astonishing failure because the Telecommunications Act requires different wholesaling rules depending on the degree of competition in particular markets.

“We’re going to be putting a massive amount of effort into examining this draft decision because it’s vital the Commissioner makes the right call on this one. His decision will have a huge impact on investment in New Zealand’s telecommunications infrastructure.

“As we’ve said before, why would we continue to invest at our current high levels if the benefits are immediately siphoned off by our competitors?”

Mr Moutter said Telecom was concerned at the process that gives just nine working days from today to respond to a very detailed draft decision, which raises more questions than it answers.

“Speedy resolution of disputes is great. But it’s not helping anyone if it produces incomplete decisions. As we’ve already seen with interconnection, there’s no guarantee that the final decision will even stay within the bounds indicated by the draft.

“The Commission has its work cut out making sure this process ends up with a quality decision that will be good for New Zealand customers,” Mr Moutter said.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Statistics: Annual Inflation Hits A Three-decade High At 5.9 Percent
The consumers price index increased 5.9 percent from the December 2020 quarter to the December 2021 quarter, the biggest movement since a 7.6 percent annual increase in the year to the June 1990 quarter, Stats NZ said today... More>>



Digitl: Bumper year ahead for NZ IT sector

Gartner says New Zealand spending on technology products and services will grow 7.4 percent this year. The company’s latest forecast says the market will total NZ$15.3 billion in 2022... More>>



Fonterra: Lifts Forecast Farmgate Milk Price Range

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which farmers are paid off... More>>



Skoltech: Study Probes Earth’s Turbulent Past To Explain Where Oceans Came From

The origin of water on our planet is a hot question: Water has immense implications for plate tectonics, climate, the origin of life on Earth, and potential habitability of other Earth-like planets. In a recent study in Physical Review Letters, a Skoltech professor and his Chinese colleagues suggest... More>>


Statistics: Household Net Worth Grows In The September 2021 Quarter But At A Slower Pace Compared To March 2021

Household net worth grew by $60.7 billion in the September 2021 quarter compared with the June 2021 quarter, Stats NZ said today. This represents an increase of 2.5 percent, a similar result to the June 2021 quarter, which was up $60.6 billion or 2.6 percent... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>