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- Release Date: 07/08/13 11:04
- Summary: GENERAL: CNU: Chorus welcomes Government discussion document
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CNU
07/08/2013 09:04
GENERAL
REL: 0904 HRS Chorus Limited (NS)
GENERAL: CNU: Chorus welcomes Government discussion document
STOCK EXCHANGE ANNOUNCEMENT
7 August 2013
Chorus welcomes Government regulatory review discussion document for
consultation
The Government has today released a discussion document outlining potential
changes to the policy framework for regulating telecommunications services
under the Telecommunications Act 2001.
Chorus welcomes the review and the establishment of a clear set of principles
to guide the review. The Minister for Communications and Information
Technology said today "The options we are canvassing give us an opportunity
to provide clarity and certainty during a period when large investments are
being made in a once-in-a many-generation upgrade of our telecommunications
infrastructure that will deliver significant benefits for New Zealanders well
into the future". Chorus believes this goes to the heart of the challenges
the review tackles.
This is the second of two reviews announced by the Government on 8 February
2013. It follows the release of a discussion document for the
Telecommunications Service Obligations (TSO), which was released last month.
"This second review enables everyone to engage in the establishment of a
forward looking, coherent and stable policy environment that ensures a
sustainable and efficient transition to fibre for the years ahead," said
Chorus CEO Mark Ratcliffe.
"Chorus will be providing a comprehensive submission to further support the
development of the right policy environment that will drive the growth and
innovation that will be enabled by upgraded infrastructure, along with
encouraging innovative retail services for New Zealanders."
For UFB to be successful and for Chorus to maintain its current capital
management settings, it is important to get the mix of Layer 1 and Layer 2
pricing right. The options presented today suggest a potential decrease of
$2.50 to $7.50 on Chorus' broadband pricing.
Submissions on the TSO review are due on 20 August and submissions on the
regulatory review are due on 13 September 2013.
ENDS
For further information:
Ian Bonnar
Corporate Affairs Manager
Phone: +64 9 358 6061
Mobile: +64 (27) 215 7564
Email: [email protected]
Brett Jackson
Investor Relations Manager
Phone: +64 4 498 9271
Mobile: +64 (27) 488 7808
Email: [email protected]
End CA:00239369 For:CNU Type:GENERAL Time:2013-08-07 09:04:04
