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.
Adams confirms Chorus UFB build at risk
Posted on 5-Dec-2013 10:00 by Bill Bennett | Tags Filed under: News



Chorus will struggle to meet its fibre network contractual obligations is regulated cuts to copper access prices go ahead according to Ernst & Young Australia.

The accounting firm reported its preliminary findings to Communications Minister Amy Adams and told her the proposed regulated price cut will have a ‘significant impact’ on the company’s finances.

The next step will see Chorus dragged in for discussions with Crown Fibre Holdings, the government organisation overseeing the Ultra-Fast Broadband project.

This may see some renegotiation but a statement from Adams’ office underlines that the government expects Chorus to make a ‘significant part’ of any shortfall.

Earlier this week Prime Minister John Key ruled out putting more government money into the project. He also said the project would not be slowed down.

Those comments came after the minor parties revolted against a government move to legislate changes to the telecommunications laws which could have seen the Commerce Commission’s decision on copper access prices over-ruled.

[digitl 2013]

digitl on Google+




comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

The President Of The USA: Donald Trump
Created by TimA, last reply by Rikkitic on 20-Feb-2017 14:45 (3079 replies)
Pages... 204 205 206


Silly Cricket Scoring
Created by tdgeek, last reply by trig42 on 20-Feb-2017 14:39 (25 replies)
Pages... 2


Shameful politics, shameless politicians
Created by Rikkitic, last reply by MikeAqua on 20-Feb-2017 14:12 (106 replies)
Pages... 6 7 8


Upgrade Home Wifi Network
Created by Dulouz, last reply by michaelmurfy on 19-Feb-2017 13:36 (14 replies)

Anyone went from a dSLR to mirrorless for most of your photography?
Created by rayonline, last reply by Camden on 17-Feb-2017 22:02 (10 replies)

AntiVirus - If I have a choice?
Created by jackyleunght2002, last reply by Lias on 16-Feb-2017 17:48 (30 replies)
Pages... 2


Lenovo NZ absolutely awful, or is it me?
Created by surfisup1000, last reply by muttley68 on 18-Feb-2017 11:05 (37 replies)
Pages... 2 3


Vodafone you've done it again - John Reader (johnr) is leaving
Created by thecatsgoolies, last reply by DeepBlueSky on 16-Feb-2017 15:29 (72 replies)
Pages... 3 4 5