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- Release Date: 07/08/13 11:42
- Summary: GENERAL: TEL: Telecom welcomes moves towards regulatory certainty
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TEL
07/08/2013 09:42
GENERAL
REL: 0942 HRS Telecom Corporation of New Zealand Limited
GENERAL: TEL: Telecom welcomes moves towards regulatory certainty
MARKET RELEASE
7 August 2013
Telecom welcomes moves towards regulatory certainty
Telecom welcomes today's commencement of a Government review of the policy
framework for regulating telecommunications services in New Zealand.
In particular, Telecom notes that the first phase of the review, which will
look at the current regulatory framework for fixed access services in the
transition from copper to fibre networks, seeks to get clarity on copper
pricing by no later than 30 November 2015 and possibly by 30 November 2014.
Legislative changes to put the new framework into effect are due to be made
by the end of 2013.
The discussion document released today by the Government comes to the
preliminary conclusion that copper access prices (UCLL and UBA combined)
should be roughly equivalent to fibre prices set by the UFB tendering
process.
"Telecommunications service providers like Telecom just need pricing
certainty so we have a clear understanding of the costs involved, across
various technologies, for providing services to our customers," commented
Telecom chief executive Simon Moutter. "Pricing certainty will allow us to
get on with what's most important - competing in the marketplace through
innovation, product differentiation and quality service."
Telecom will be participating in the consultation process around the first
phase of the review, with submissions to be made by 13 September 2013.
The Government's discussion document can be found at the following link:
http://www.med.govt.nz/sectors-industries/technology-communication/communicat
ions/legislation-relating-to-the-telecommunications-sector/review-of-the-tele
communications-act-2001
- Ends -
For media queries, please contact:
Richard Llewellyn
Head of Corporate Communications
+64 (0) 27 523 2362
For investor relations queries, please contact:
Mark Laing
General Manager Investor Relations & Capital Markets
+64 (0) 27 227 5890
End CA:00239372 For:TEL Type:GENERAL Time:2013-08-07 09:42:44
