Telecom boss takes swipe at latest review
Telecom chief executive Simon Moutter has joined Labour and the Telecommunications Users Association in slating the Government's decision to rewrite the rules underpinning telecommunications regulation.
In blunt comments made after a speech in Wellington, Moutter said "this continual lurching from one set of rules to another is extremely unhelpful".
Communications Minister Amy Adams announced the regulatory overhaul last Friday in a move that was widely perceived as being designed to rescue Chorus from a $160 million annual earnings hit and shore up the consumer appeal of its ultrafast broadband (UFB) network.
The ministerial review will trump an earlier Government-ordered Commerce Commission review that looked likely to slash the price Chorus would be allowed to charge for wholesale copper broadband connections from December 2014.
Telecom has half the copper broadband market and would have benefited from the wholesale price drop, especially as it is prohibited from unbundling Chorus' exchanges.
"I am looking forward to seeing what is the problem the review is trying to resolve," Moutter said.
- © Fairfax NZ News
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