The New Zealand Commerce Commission said on Thursday that the sale of wholesale broadband, business data and bundle resale services should no longer be subject to the Telecommunications Act of 2001.
So far, the Commission was allowed to determine…
The New Zealand Commerce Commission said on Thursday that the sale of wholesale broadband, business data and bundle resale services should no longer be subject to the Telecommunications Act of 2001.
So far, the Commission was allowed to determine commercial terms between Telecom New Zealand, which provides those services, and other telecom companies in cases where commercial terms could not be agreed upon.
“The commission’s view is that regulatory intervention in telecommunications markets should be scaled back in areas where we consider there is effective competition, or when alternative services are available to access seekers,” said Telecommunications Commissioner Ross Patterson.
“Regulation should not impose or maintain burdens which are unnecessary, and it is the commission’s objective to reduce regulation of telecommunications markets as effective competition develops,” he added.
According to the New Zealand Herald, New Zealand Telecom group general counsel Tristan Gilbertson said that the commission’s decision was a welcome sign of a maturing regulatory regime.
The Commission and NZ Telecom could not be reached for comment by press time.
