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


Vocus Group responds to Telecommunications Act Reform

Vocus Group has welcomed the final details of the Telecommunications Act review announced by Minister for Communications Simon Bridges, but highlights some areas for concern.

Mark Callander, Chief Executive New Zealand says the anchor product should be faster.

“It’s disappointing to see that the regulated fibre anchor product hasn’t been increased from 100Mbps to 1Gbps. Instead they’ve said that ‘the price capped fibre broadband anchor product is intended to be an entry-level product; not the most popular product’. But we know that speed is important and that our consumers are demanding faster speeds – around 50% of Orcon’s sales are for gigabit fibre – and we expect demand for these services to increase.

“What that means is that we have a regime whereby most new Zealanders will not be on a fibre service that has its price regulated – LFCs are free to decide whether to offer faster services and charge what they want so long as they don’t exceed a revenue cap set by the Commission. That’s open to gaming by the monopoly LFC. My concern is that NZ will be slow to introduce newer, faster technologies or charge a monopoly price for them in the early days.

“Though I’m pleased to see in the review that the Minister will be writing to the Commerce Commission to conduct a study into the wholesale Mobile market. NZ has only a fraction of a percent of its mobile connections from wholesalers – this is significantly lower than the majority of countries and stifles innovation and competition in the mobile market. Vocus supports any initiatives from the Minister to give the Commission ‘enhanced capability to address emerging issues with wholesale mobile markets.’”

© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics: Retail Card Spending Down 0.2 Percent In July
Retail card spending fell $11 million (0.2 percent) between June 2022 and July 2022, when adjusted for seasonal effects, Stats NZ said today... More>>

Barfoot & Thompson: Auckland Rental Prices Inch Up Again, But Upward Trend Could Ease In Coming Months

Data from nearly 16,000 rental properties managed by real estate agency Barfoot & Thompson shows Auckland’s average weekly rent rose by $6.12 (or 1 percent) during the second quarter... More>>

ComCom: Draft Report Says Regulatory System Favours Established Building Products
The Commerce Commission’s draft report into competition in the residential building supplies industry has identified two main factors negatively impacting competition... More>>

Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>

Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>

APEC: Region’s Growth To Slow Amid Uncertainties And Crises
Economic growth in the APEC region is expected to slow this year amid soaring inflation, a protracted war in Ukraine and heightened uncertainties, on top of the continuing impact of the pandemic and virus mutations that are draining resources, according to a new report by the APEC Policy Support Unit... More>>