Huge Database

The government of New Zealand is about to regulate the cost of calling competing mobile phone networks in response to a recommendation from the competition watchdog.

Shares of the second largest listed company in New Zealand last traded down one cent to 2.01 New Zealand dollars.

From Timesofindia.indiatimes.com:

Communications minister Steven Joyce said regulations would ensure cheaper mobile phone calls and more competition than the voluntary undertakings from mobile operators Telecom Corp and Vodafone NZ to reduce the costs over time.

“I look forward to New Zealand mobile users enjoying more competition between operators and better prices,” Joyce said in a statement on Wednesday. The price that Telecom and Vodafone can charge to carry calls over their networks, known as mobile termination rates, will be set by the Commerce Commission. The regulator has changed its position on regulating mobile costs twice in the past year.

This move is expected to bring considerable relief to mobile consumers through cheaper mobile phone calls because of competition.

Random Posts

• Tax credit for hiring veterans proposed
• Tips for collecting carnival glass
• ONGC to launch $2.5 billion offer
• Internet Classifieds Advantages-Benefits Of Online Classifieds
• Plan for Job Search Personal Marketing