Commission updates process to determine value of Chorus fibre network miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
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Commission announces draft decisions on price-quality regulation for Chorus and information disclosure requirements for fibre
The Commerce Commission has released for consultation its draft view on the maximum revenues Chorus should be able to earn from its fibre network over the first three years of the new regulatory regime that takes effect from 1 January next year and the minimum quality standards Chorus should meet.
Telecommunications Commissioner Tristan Gilbertson said the Commission’s role is to deliver the best long-term outcomes for New Zealand consumers.
“Our aim is to achieve a smooth transition into the new regime, by retaining the features that have made UFB such a success, while also putting in place the core components of building blocks regulation, which create incentives for Chorus to act in the best interests of consumers and promote competition in telecommunications markets,” he said.
NZ telco Chorus’ revenues capped under new price-quality regulations Thursday, 27 May 2021 12:31 NZ telco Chorus’ revenues capped under new price-quality regulations Featured
New Zealand’s largest telco Chorus will be able to earn revenues of NZ$689 million in 2022 increasing to NZ$786 million in 2024 under new revenue caps and price-quality guidelines for the telecoms sector announced by the country’s competition regulator, The Commerce Commission.
Telecommunications Commissioner Tristan Gilbertson said on Thursday that the estimated price-quality path for Chorus announced for consultation would cap Chorus revenues for three years from 1 January 2022 at NZ$689 million in 2022, rising to NZ$786 million in 2024, in line with forecast demand.
The Commerce Commission has released for consultation its draft view on the maximum revenues Chorus should be able to earn from its fibre network over the first three years of the new regulatory regime that takes effect from 1 January next year and .