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PaulBrislen: It also pays not to forget that when the Commission is talking about cost, it's not talking about it in the same way we are in this thread.
To the Commission cost includes things like how much certainty there is in the market when you're trying to raise capital to fund the building of the network that will carry those so-called "free" TXT messages.
It's an economist's view of cost rather than a technologist's view.
For those interested in such things take a look at the workings behind the TSO regime.
The Commission decided to reject the introduction of mobile and other technologies in its cost model because while they're more efficient at delivering the service on offer (9.6kbit/s) they introduce more uncertainty in the model making Telecom's cost of raising capital more expensive and thus cancelling out any gain. Because it rejected those new technologies, the level of certainty went up, making it easier for Telecom to raise capital, thus reducing the TSO cost for the year.
The less efficient technology delivers a cheaper service.
Cost to the Commission is not the same as "how much to build a network and run it and send bits over it".
As for passing on savings to the customers, most of the savings will go to the fixed operators who will see a greater margin for calls from landlines to mobiles. They're the ones who stand to gain the most from this - in Australia Telstra earned an extra $900m over five years by paying less for terminating mobile calls and passed on less than half to customers. I'm sure our fixed-line operators will be better placed to answer those questions. I've put up some info over on the Join the Debate blog.
cheers
Paul
PaulBrislen: @sbiddle, I have a chart showing the margin increase in calling over the same period... margins have increased, prices have stayed the same, MTRs have reduced. Winner: the fixed line operators.
As for IP IMS, that's my point about regulation in a nutshell. If we are regulated around TXT and voice minutes then the move to all IP services becomes fraught with difficulty. Imagine what a bunfight it would be if we were forced by regulation to bill by the minute/TXT instead of packet-based!
exportgoldman:PaulBrislen: @sbiddle, I have a chart showing the margin increase in calling over the same period... margins have increased, prices have stayed the same, MTRs have reduced. Winner: the fixed line operators.
As for IP IMS, that's my point about regulation in a nutshell. If we are regulated around TXT and voice minutes then the move to all IP services becomes fraught with difficulty. Imagine what a bunfight it would be if we were forced by regulation to bill by the minute/TXT instead of packet-based!
I remember when someone worked out that Vodafone in NZ were charging more per GB for TXT messages than NASA paid to get a GB to the international space station.
So, I'm glad prices have dropped and now the Commerce Commission have grown a pair :)
PaulBrislen: Hi AJW, I've seen you say this before and I think you're misquoting something our former group CEO said.
Arun Sarin said that if every company was like Vodafone NZ he'd be a happy man. He was referring to the "mobile plus" strategy that we'd adopted when we bought Ihug. That is - moving beyond just mobile into the total communications space.
I believe the quote you're looking for came from this story in the NZ Herald:
"New Zealand is leading the parade within the Vodafone family in terms of taking us to the world we are going to." Sarin told Dann.
The original story is here.
He did not, from memory, say Vodafone NZ was the "best performing subsidiary" and I think you're referring to it in economic terms. That's simply not the case and never has been.
Cheers
Paul
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PaulBrislen: On the matter of paying dividends to Group - we've done so only twice in the 11 years of NZ operation.
This is not sustainable.
From this year we'll be paying an annual dividend to Group of around $90-$100m a year (we expect).
Paying $1.2bn every 11 years puts our average pay out at around $110m in the previous decade.
Cheers
Paul
PS - that dividend figure came from conversations with our CFO before the MTR undertaking which effectively strips around $50m a year out of our operation, so I'm not sure how current it is.
rossmnz: So essentially.....the big boys are making an agreement to try and cut out anyone from their duopoly?
juha:rossmnz: So essentially.....the big boys are making an agreement to try and cut out anyone from their duopoly?
That's an understandable reaction but it was the Commerce Commission that asked the three telcos to align their undertakings, as otherwise, well, it wouldn't really work.
The ComCom has also given the telcos a Get Out of Jail Card on the alignment, which would normally be construed as price fixing.
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