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.
Record NZ$12 million penalty against Telecom New Zealand stands
Posted on 3-Aug-2012 13:12 | Tags Filed under: News



The Court of Appeal has upheld a record $12 million penalty imposed against Telecom in April 2011 for breaching the Commerce Act, following an unsuccessful appeal by Telecom.

The Courtís decision, released today, follows a judgment dated 27 June 2012 in which the Court of Appeal also ruled against Telecomís challenges to the Courtís substantive findings. The Commerce Commission had brought penalty proceedings against Telecom for breaching section 36 of the Commerce Act.

The Court of Appeal found that from February 1999 to late 2004 Telecom unlawfully took advantage of its market power to charge downstream competitors disproportionately high prices for wholesale access to its network. This prevented competitors from offering retail end-to-end high-speed data transmission services at a competitive price.

In its latest judgment, the Court of Appeal said, having recognised a separate breach over and above what the High Court had found, that ď...the penalty is by no means excessive given the extent of the breach we are now dealing with.Ē

ďA significant penalty such as this sends a strong signal to businesses that taking advantage of market power to prevent rivals from competing effectively is a serious breach of the Commerce Act. Consumers and rival businesses must have the full protection of the law to enjoy the benefits of competitive markets,Ē said Commerce Commission Chair Dr Mark Berry.

Telecom may seek leave to appeal to the Supreme Court against the Court of Appealís findings.






comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Bombing at Manchester concert, 19 dead
Created by Rikkitic, last reply by Rikkitic on 28-May-2017 19:06 (174 replies)
Pages... 10 11 12


Father banned from watching daughter's netball game: what you think of this?
Created by Rikkitic, last reply by frankv on 25-May-2017 16:29 (136 replies)
Pages... 8 9 10


Tailgaters?
Created by Linuxluver, last reply by reg52nz on 25-May-2017 16:29 (113 replies)
Pages... 6 7 8


The President Of The USA: Donald Trump
Created by TimA, last reply by frankv on 29-May-2017 09:55 (4373 replies)
Pages... 290 291 292


Tipping? Please no!
Created by BlueShift, last reply by cddt on 27-May-2017 10:10 (104 replies)
Pages... 5 6 7


Fibre 100/20 Mbps plan - should I get this speed
Created by steve2222, last reply by DarkShadow on 28-May-2017 10:14 (18 replies)
Pages... 2


Sony smart TV functions
Created by Rikkitic, last reply by Rikkitic on 28-May-2017 21:25 (17 replies)
Pages... 2


Tax Cuts
Created by tdgeek, last reply by MikeAqua on 29-May-2017 10:16 (82 replies)
Pages... 4 5 6