The Commerce Commission has released papers outlining its approach to determining Chorus’ initial price-quality regulatory asset base (PQ RAB) and price-quality path (PQ) under the new regulatory regime for fibre providers. The Commerce Commission based today’s price ruling on how much it would cost a company like Chorus to build a suitable, efficient modern network from scratch. Hidden in the fine print of this announcement is that the ruling means a copper connection now costs more than a fibre connection. Hopefully on this basis the market will view the Chorus situation as a ‘special’ case rather than an overall attack of ‘monopoly’ companies by the Commerce Commission. All of this is part of the group’s submissions and calculations for the latest New Zealand Commerce Commission regulatory process. The industry body representing telcomunnication companies is pushing back against suggestions that consumers are being overcharged for mobile plans they do not need. The proposed maximum monthly rental prices that Chorus can charge for its unbundled copper local loop (UCLL) and unbundled bitstream access (UBA) service change slightly … Read the latest Company Report General news from Chorus Limited (ASX:CNU) The prices indicated today are: The Commerce Commission is calling on suppliers of grocery stores and consumers to take part in online surveys to help inform its market study into the grocery sector. 18 Sep 2020. If the Commerce Commission's existing determination of the price Chorus can charge for its copper lines were to stand, which Adams said was an option, Chorus … New Zealand Commerce Commission satisfied backhaul market has enough competition. Chorus recently jacked up cash bounties for retail ISPs who … These decisions establish the rules that will apply for the price quality and information disclosure regulation that will apply to Chorus from 1 January 2022. Chorus is submitting a comprehensive Initial Asset Value model to the Commerce Commission today as required under the Price-Quality process. Hyperfibre is the next generation of fibre technology and offers speeds never experienced before in New Zealand. While the net impact on the monthly charges over the course of five years looks to be about in line with the earlier draft, Chorus has concerns with two new or updated aspects to the determination – transaction charges and backdating. The draft FPP individual product prices are: The Commerce Commission is looking to impose a revenue cap and service quality standards on Chorus for its UFB offering along with information disclosure rules for Chorus and the other fibre companies.. If horsetrading between retail ISPs and Chorus doesn't result in them agreeing on a price before Christmas, the legislation allows the Commerce Commission to intervene and referee. Commerce Commission releases latest draft FPP determination. The Commission has proposed a glide path for all the monthly rental prices. All news about CHORUS LIMITED: 05/16: CHORUS : Submits Fiber Revenue Proposal to Commerce Commission: MT. Whether at home or work, if you're churning through data and require the ultimate in ultra-smooth, high-capacity and low-latency broadband, you need Hyperfibre. Commerce Commission outlines competition issues regarding HP NZ's recent submission Dig deeper: Telecommunications Chorus Commerce Commission Fibre A/NZ software spend reaches $13.9b in 2020 to support business resilience "The support to businesses that IT provided in the outbreak of pandemic has given companies more confidence in IT investment New Zealand's Commerce Commission has released papers outlining its approach to determining Chorus' initial price-quality regulatory asset base … Chorus is a provider of telecommunications infrastructure throughout New Zealand.It is listed on the NZX stock exchange and is in the NZX 50 Index.It is the owner of the majority of telephone lines and exchange equipment in New Zealand. Comcom holds fire on Chorus backhaul pricing. @NonaPelletier nona.pelletier@rnz.co.nz. The Commerce Commission is consulting on Chorus’ proposal to spend $1.6 billion over the first three years of the new fibre regulatory regime. An audio conference briefing to discuss the presentation will be held at 10am (NZ time) for investors and analysts. The Commerce Commission has today released its draft Final Pricing Principle (FPP) determinations which propose an aggregate price of $38.39, compared to the aggregate $34.44 price that was previously derived from the Commission’s Initial Pricing Principle (IPP) benchmarking review. 4:21 pm on 3 November 2020. 05/13: CHORUS ADVISORY: … It is also responsible for building approximately 70% of the new fibre optic Ultra-Fast Broadband network. The new prices, if confirmed, would be implemented upon the completion of the Commerce Commission’s process. New Chorus boss JB Rousselot says it's "disappointing" that the Commerce Commission is contemplating a major change so soon to the new regulatory … "We think the Commission should strive to complete the FPP processes by the middle of 2015 at the latest.” Ratcliffe's comments come fresh from the news that the Commerce Commission has today published its emerging view on backdating the final prices that Chorus charges for its local copper lines and broadband service. Deadline for cross-submissions moved to 1 August. Commerce Commission to investigate complaint about Chorus’ proposed changes to regulated broadband Chorus, Commerce Commission update NZ broadband progress. In November the commission said Chorus could charge a combined price of $34.44 a month for a copper phone line with a broadband connection from 2014. Nona Pelletier, Senior Business Reporter. The High Court has dismissed Chorus’ challenge to the Commerce Commission’s regulated price of the broadband infrastructure company’s Unbundled Bitstream Access (UBA) service.. Telecommunications commissioner, Stephen Gale, said the decision will allow the Commerce Commission to focus on completing the Final Pricing Principle (FPP) review by December 1, 2014. The Commerce Commission has released its final IM decisions reasons paper and final determination (excluding financial loss asset). It will set the maximum revenue that Chorus can earn from customers and the minimum quality standards it must meet. Chorus has today received the latest draft determination from the Commerce Commission on a range of regulated products and services. The Commerce Commission is consulting on Chorus’ proposal to spend $1.6 billion over the first three years of the new fibre regulatory regime. Chorus says Commerce Commission decisions on UFB losses don't reflect commercial reality. To join the audio conference, please use one of the following numbers and the pin code: 21814790# Chorus says Commmerce Comission decisions on UFB losses don't reflect commercial reality. The Commerce Commission determination will increase debt and decrease EBITDA and this means the banks could withdraw their loans to Chorus which could plunge it into an Air New Zealand type situation. Chorus releases a progress report on its fibre rollout while the industry regulator says consumers are … A new era of speed. The Commerce Commission is looking to impose a revenue cap and service quality standards on Chorus for its UFB offering along with information disclosure rules for Chorus … Chorus says Commerce Commission decisions on UFB losses don't reflect commercial reality; Industry body sees the bright side in ComCom's open letter on telcos. The year-long study looks at whether competition in the grocery sector is working well, and if not, what can be done to improve it. While this was a small increase on its interim finding, it is down from the present $44.98. Under the new regime, Chorus will be subject to price-quality regulation. A presentation overview of the Initial Asset Value model Chorus has submitted to the Commerce Commission is attached. The Copper Withdrawal Code (CWC) has been a work in progress with you, the Commerce Commission and Chorus over the last couple of years. It’s great to now have the final Code published (as of 10 December 2020) for us to collectively put into action, while ensuring we collaborate to deliver a great consumer experience. Hyperfibre. Chorus is submitting a comprehensive Initial Asset Value model to the Commerce Commission today as required under the Price-Quality process. The Commerce Commission has today released further draft decisions for consultation setting proposed prices that Chorus can charge for use of its local copper lines and broadband service over the next five years. It’s not much: $38.39 compared to $37.50.
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