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- Release Date: 04/02/13 10:30
- Summary: GENERAL: CNU: Chorus submission on UBA and UFB policy framework
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CNU
04/02/2013 08:30
GENERAL
REL: 0830 HRS Chorus Limited (NS)
GENERAL: CNU: Chorus submission on UBA and UFB policy framework
STOCK EXCHANGE ANNOUNCEMENT
4 February 2013
Chorus submission on UBA draft determination and UFB policy framework
Chorus has today made a submission to the Commerce Commission in response to
the draft price of Unbundled Bitstream Access (UBA) released on 3 December
2012.
The submission calls for an update of the policy framework to ensure the
success of the Government's Ultra Fast Broadband (UFB) initiative. It also
responds to the draft UBA decision and explains Chorus' intent to apply for a
final pricing principle (FPP) review for the Unbundled Copper Local Loop
(UCLL) service within the existing framework.
The regulatory framework that has evolved since 2001 addressed the market and
industry concerns during that time. New Zealand has seen positive results
from this framework with significant broadband growth in recent years.
Chorus CEO Mark Ratcliffe says things have moved on significantly and it's
time for the industry to take the next step towards even better broadband
with a framework that aligns everyone to a single outcome for the benefit of
New Zealand.
"We're seeking a clearer, more stable regulatory environment that delivers
the right incentives to encourage the transition to our fibre network, and
help New Zealand realise the productivity and economic benefits UFB and the
Rural Broadband Initiative (RBI) can deliver," Ratcliffe said.
Chorus has made robust submissions on the Commission's draft UBA decision
which continues to highlight the challenges of applying the current framework
to the new industry structure. It also emphasises that getting the right
balance between copper and fibre pricing is critical to fibre investment and
uptake.
Chorus' intention to apply for a FPP is based on ensuring a consistent
approach between UBA and UCLL, and an outcome that better reflects the true
measure of the cost and investment required to deliver better broadband to
New Zealand than the Commission's December draft decision suggests.
The full submission is attached and available at
http://www.chorus.co.nz/investor-presentations.
ENDS
For further information:
Melanie Marshall, Head of Communications & Brand
Mobile: +64 (0)27 452 6231/ Email: [email protected]
Brett Jackson, Investor Relations Manager
Mobile: +64 (0)27 488 7808 / Email: [email protected]
End CA:00232563 For:CNU Type:GENERAL Time:2013-02-04 08:30:05
