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


Telecom and Vodafone bury the hatchet in TSO dispute

Telecom and Vodafone bury the hatchet in TSO dispute

Aug. 2 (BusinessDesk) – A long-running legal battle between the countries two largest telcos has been settled out of court, Telecom New Zealand and Vodafone announced.

After seven years of protracted wrangling, the settlement puts an end to three cases before the Supreme Court, two High Court actions and a further two disputes before the Commerce Commission.

The disputes related to levies for rural telephone services under the now defunct Telecommunications Service Obligations by Vodafone to Telecom, which Vodafone argued were higher than they should be.Terms of the settlement are confidential.

The pair are now collaborating jointly on the government-subsidised rural broadband roll-out.

“This settlement draws a line under a long-running, protracted legal process,” said Telecom group general counsel Tristan Gilbertson in a statement. “Time has moved on. We’ve agreed it is time to put the disputes of the past behind us so we can focus on the future.”

(BusinessDesk) 09:55:33

© Scoop Media

Business Headlines | Sci-Tech Headlines


International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>

MBIE: NZ space sector set to star in Moon mission
The New Zealand space sector is set to star in NASA’s CAPSTONE moon mission – with Rocket Lab launching a satellite to the Moon from New Zealand in June, and the lift-off of a separate NASA-NZ lunar research project... More>>

Air New Zealand: Relaunching 14 International Routes In 16 Days

Air New Zealand is gearing up for the busiest July in two years with the relaunch of 14 international routes in 16 days... More>>

Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>

BusinessNZ: NZ Economy - Prevailing Headwinds
The latest BusinessNZ Planning Forecast reveals business and consumer confidence is low, with factors at home and abroad hampering our recovery... More>>