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:

Business email hosting options and a rant
Created by Disrespective, last reply by Disrespective on 22-Jul-2016 15:09 (25 replies)
Pages... 2


Converting to main pressure and gas.
Created by Paul1977, last reply by mcraenz on 25-Jul-2016 20:27 (22 replies)
Pages... 2


Johnny Moore: I blame baby boomers for housing mess
Created by tdgeek, last reply by tdgeek on 25-Jul-2016 17:31 (62 replies)
Pages... 3 4 5


It must take a very special person...
Created by Dynamic, last reply by Dynamic on 25-Jul-2016 11:53 (18 replies)
Pages... 2


Residential Gig UFB Auckland?
Created by dt, last reply by BarTender on 25-Jul-2016 18:32 (17 replies)
Pages... 2


Wanted: Mini discs
Created by darkasdes2, last reply by Hatch on 25-Jul-2016 17:01 (17 replies)
Pages... 2


Seagate release 10TB "consumer" HDD
Created by xpd, last reply by xpd on 22-Jul-2016 15:04 (31 replies)
Pages... 2 3


Android 6 location aware sound profiles / automation?
Created by timmmay, last reply by Stu on 23-Jul-2016 16:07 (14 replies)