Tag Archives: Commerce Commission

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. The regulator today released its draft determination for what Chorus can charge on its regulated copper lines in its final pricing principle – a more rigorous process to …

ANZ Bank New Zealand has agreed to a $19 million settlement with the Commerce Commission after an investigation into the marketing and sale of interest rate swaps to rural customers between 2005 and 2009. Under the settlement the local unit of Australia & New Zealand Banking Group will establish an $18.5 million fund to pay affected rural customers and pay …

Spark New Zealand, formerly Telecom Corp, is reviewing its prices, saying today’s Commerce Commission draft decision on wholesale copper line pricing threatens to push up the telecommunications company’s costs. The shares fell. Auckland-based Spark anticipates input costs will rise by an annual $60 million as a result of Telecommunications Commissioner Stephen Gale’s proposal to raise the monthly total charge allowable for the unbundled …

Shares of Chorus, the regulated telecommunications network operator, jumped as much as 17 percent after the Commerce Commission lifted the prices it can charge for access to the traditional copper lines network for broadband internet services. The shares rose as high as $2.50, the highest the shares have traded since October last year, when the antitrust regulator priced its copper …

Regulated telecommunications network operator Chorus had a small win in its long-running stoush with the Commerce Commission over the prices it can charge for access to the traditional copper lines network for broadband internet services. However, Chorus chief executive Mark Ratcliffe says the draft new rates, proposed today, will still knock an $80 million hole in annual operating earnings. “This compares …

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate\ with suppliers and that discussions with competitors “carry significant risks for all involved. The competition watchdog’s report, issued this morning, suggests much of the concern among …

Telecom Corp is taking its spat with rival Vodafone New Zealand to the Commerce Commission after dropping threatened legal action over the ‘SuperNet’ ad campaign. Auckland-based Telecom has dropped High Court proceedings against its rival, saying Vodafone stopped “several aspects” of the ad campaign in its formal response to the action, and has dobbed in its competitor to the antitrust …

Telecom Corp’s dominance in the country’s retail broadband market and how it chooses to unbundle services on Chorus’ ageing copper network are central to the conundrum facing the Commerce Commission. The regulator has backed away from imposing a sharp cut to the regulated price Chorus can charge wholesale customers for access to the copper lines, and has released another paper …

The Commerce Commission has launched an investigation into whether Wilson Parking New Zealand’s acquisition of a rival’s parking assets will substantially reduce competition in the market. The regulator is seeking feedback from parties “who consider they have relevant information for the commission’s consideration” as it looks at whether the deal “is likely to have resulted in a substantial lessening competition …