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


Ihug Seek Separation Of Competition Laws

Ihug Seek Operational Separation Of Telelcom Competition Laws

On Wednesday evening, ihug made its submission to the Finance and Expenditure Select Committee on the subject of the Telecommunications Amendment Bill.

The communications company said that it welcomed the new regulation, but pointed to two areas that required a stronger hand:

• Separation of Telecom, and
• Competition Law

Ihug stated that it is vital that Telecom undergoes operational separation.

“Telecom claims that they will follow the British Telecom (BT) model pretty much to the letter,” says ihug CEO Mark Rushworth.

“That’s simply not the case. What Telecom proposes is a watered-down version of the BT model.

“It doesn’t go nearly far enough in creating a fair and competitive telecommunications environment in New Zealand,” Rushworth says.

Ihug also spoke in favour of introducing competition notices in New Zealand, in order to stamp on anti-competitive behaviour.
“Australia has already introduced Competition Laws and they have proven incredibly successful,” Rushworth says.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>