Tuesday 21st December 2010 |
Text too small? |
The Commerce Commission has decided that Telecom's new wholesale broadband service VDSL2, or very-high-speed digital subscriber line 2, does not need to be regulated.
The new service incorporated features not included in the regulated unbundled bitstream access (UBA) service, and it was appropriate that the market determine the price for the enhanced service, the commission said today.
UBA is a regulated wholesale service that allows telecommunications companies to supply a range of broadband services to retail customers.
Telecom Wholesale is required to provide those services covered by the UBA service description on a non-discriminatory basis to its own retail arm Telecom Retail as to other telecommunications companies.
Telecommunications Commissioner Ross Patterson said the commission was satisfied that the new service had higher specifications, which differentiated it from the regulated service.
"There has been much debate about the willingness of consumers to pay for upgraded broadband services, and it is appropriate that the price is set by the market," Patterson said.
NZPA
No comments yet
GEN - Completion of Purchase of Premium Funding Business
Fletcher Building Announces Executive Appointment
WCO - Director independence determination
AIA - welcomes Ngahuia Leighton as 'Future Director'
Mercury announces Executive team changes
Fonterra launches Retail Bond Offer
October 29th Morning Report
BIF adds Zincovery to its investment portfolio
General Capital Resignation of Director
General Capital subsidiary General Finance update