A regulatory proposal from NBN Co, which would dramatically increase the cost of internet, has been rejected by the federal government | zoesam93
Communications Minister Michelle Rowland has declared a regulatory proposal from NBN Co, which would dramatically increase the cost of internet, “unacceptable”, forcing the broadband network operator to rethink its long-term pricing model.
NBN Co has enraged TPG Telecom and other telco providers over plans to dramatically raise wholesale prices. The SAU variation process offers the best prospect of a regulatory outcome that serves the long-term interests of consumers, but I have formed the view that the current NBN Co variation proposal is not acceptable.”NBN Co was seeking approval from the Australian Competition and Consumer Commission to immediately increase wholesale prices and gain full discretion to increase prices year-on-year. The SAU determines how much it can charge wholesale customers including Telstra, Optus and TPG Telecom.
Rowland and Finance Minister Katy Gallagher wrote to the ACCC and NBN Co, asking both parties to start working on the model again. Rue said the NBN Co was planning to make substantive changes. TPG Telecom’s head of public affairs, James Rickards, said the NBN Co’s original proposal to change the special access undertaking was “unacceptable” and welcomed the planned change.
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