Chorus’s Ratcliffe lashes UBA regulatory process that scared off foreign investors

Wed, 12 Jun 2013

June 12 (BusinessDesk) – New Zealand’s ultra-fast broadband initiative is threatened by a regulatory process that is “weird” to foreign investors, could ultimately be redundant, and is producing the opposite of the intended effect of splitting Telecom in two, says Chorus chief executive Mark Ratcliffe. Ratcliffe used a speech to a Commerce Commission conference on proposals to regulate prices for unbundled bitstream access to express deep frustration at a process he says should be halted and reviewed instead of continuing to be pursued. “To b...

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