Regulator to review UBA standard 1 Apr 2015
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Regulator to review UBA standard that sets price for Chorus retail customers
April 1 (BusinessDesk) - The Commerce Commission is to review the terms under which Chorus offers unbundled bitstream access (UBA) to retail telecommunications companies that sell internet services over its copper network.
Telecommunications
Commissioner Stephen Gale said the UBA standard terms
determination (STD) is now eight years old and predates
Chorus and the non-price terms "needed to be properly
reviewed to assess whether they are still fit for purpose in
today’s environment."
UBA is a method of supplying
broadband services that allows companies to provide internet
services over Chorus’ copper network without physically
installing their own equipment. The UBA STD sets the
baseline price, general terms and service description that
Chorus must offer to retail companies.
The review
comes after Chorus last year proposed a new commercial UBA
service and changes to delivery of regulated internet
services that potentially could have limited internet
performance at peak times. Spark, among the biggest
customers of Chorus's copper lines, subsequently asked the
regulator to investigate whether the changes breached the
STD. The commission sought legal advice that concluded there
could be a breach.
“While the STD is workable, we
recognise there is some uncertainty over its requirements
and the process for launching new commercial services," Gale
said in a statement. "With Chorus putting a hold on its
proposed changes and the statutory freeze on reviewing the
STD now expired, the time is right to undertake this
work.”
The UBA STD review is separate to the commission's deliberations on the final pricing process for Chorus’s wholesale services. It expects to release a draft decision soon for consultation, with the final pricing determination set for later this year.
Chorus has been
battling the commission since it slashed the amount it could
charge telecommunication providers for the use of its copper
lines, which it says has put a hole in its budget for
building New Zealand's ultra-fast broadband network. Chorus
won a small reprieve when the commission lifted the
regulated pricing from the level in its earlier decision,
but the move continues to be disputed by the
telecommunication operator's main customers.
Chorus
shares last traded at $2.85 and have soared 66 percent in
the past 12 months, outpacing a 14 percent gain in the NZX
50 Index. Spark was last at $2.98 and has gained about 21
percent in the past
year.
(BusinessDesk)
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