Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

Curran says Ernst & Young Chorus report flawed
Posted on 20-Dec-2013 08:20 by Bill Bennett. | Tags Filed under: News.


Labour communications spokesperson Clare Curran
Labour communications spokesperson Clare Curran

Labour communications spokesperson Clare Curran says there are two flaws in Ernst & Young report into the financial state of Chorus.

Communications minister Amy Adams commissioned Ernst & Young Australia to investigate how the Commerce Commission ordered price cuts to the network operator’s copper lines changed Chorus’ finances.

The report concludes Chorus is not in danger of bankruptcy, the company can make changes to reduce the shortfall caused by the lower copper price and that the contract does not need to be renegotiated.

Curran warns this still leaves Chorus able to “work to rule” a practice that could, effectively, bring New Zealand’s communications to a grinding halt.

She highlights what she describes as two flaws in the Ernst & Young report.

First Curran says there are indications the report writers depended on information supplied by Chorus “without significant verification, even though the terms of reference required them to.”

She also says the report fails to take the combined impact of price cuts to unbundled copper local loop and unbundled bitstream access services into account.

Curran says: “According to our information the impact of both prices could be that the copper price will rebalance to be around what it is today. The issue is the time lag in getting there and the impact on the industry”.

[digitl 2013]

digitl on Google+

The post Curran says Ernst & Young Chorus report flawed appeared first on digitl.



comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

What time does windows 10 go live?
Created by gogokr431, last reply by nathan on 3-Aug-2015 22:33 (551 replies)
Pages... 35 36 37


Just installed Windows 10 on release and have questions... Post here
Created by Behodar, last reply by edge on 5-Aug-2015 16:05 (195 replies)
Pages... 11 12 13


Overseas Purchasing - GST Threshold about to be reduced
Created by SepticSceptic, last reply by Geektastic on 5-Aug-2015 16:21 (115 replies)
Pages... 6 7 8


Rural Okato Taranaki- What broadband to get ADSL is trash here
Created by ThatNoobJosh, last reply by quickymart on 4-Aug-2015 18:20 (21 replies)
Pages... 2


Time to update yet?
Created by Dreal, last reply by Dreal on 1-Aug-2015 23:54 (21 replies)
Pages... 2


How likely is it to have a faulty house electrical meter?
Created by kiwikiwi, last reply by Gordy7 on 4-Aug-2015 12:13 (60 replies)
Pages... 2 3 4


Motion Activate Light
Created by gcorgnet, last reply by Jase2985 on 5-Aug-2015 15:39 (19 replies)
Pages... 2


Cheap SSD's at Amazon
Created by Lias, last reply by trig42 on 5-Aug-2015 11:24 (39 replies)
Pages... 2 3