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- Release Date: 17/09/13 10:50
- Summary: GENERAL: CNU: Chorus submission supports Government intervention
- Price Sensitive: No
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CNU
17/09/2013 08:50
GENERAL
REL: 0850 HRS Chorus Limited (NS)
GENERAL: CNU: Chorus submission supports Government intervention
17 September 2013
Chorus submission supports Government intervention on wholesale copper prices
Chorus has today published its submission on the Government's Discussion
Document entitled "Review of the Telecommunications Act 2001" (Discussion
Document).
Chorus supports the Government stepping in and updating the policy framework,
as proposed in its Discussion Document. It is clear that the current
framework is no longer fit for purpose.
The submission outlines why Chorus believes the current framework is broken
and why the Government is right to intervene. It also explains the specific
changes to the copper pricing regime that would support the transition to
fibre as well as the benefits that are being delivered to end users.
The submission also includes reports from three independent ex-regulators, Dr
Ross Patterson, Richard Hooper CBE, and Professor Stephen Littlechild.
Chorus has included these independent views from three internationally
respected ex-regulators to support the development of a high quality, stable
and predictable regulatory environment in New Zealand.
ENDS
For further information:
Elissa Downey
Media Relations Manager
+64 (21) 866 146
Brett Jackson
Investor Relations Manager
+64 (27) 488 7808
End CA:00241189 For:CNU Type:GENERAL Time:2013-09-17 08:50:51
