ACCC asks for comments on NBN pricing plan
The competition regulator has called for public consultation on the latest plan by the national broadband network (NBN) builder on wholesale broadband pricing.
The Australian Competition and Consumer Commission (ACCC) released its first consultation paper on the special access undertaking (SAU) lodged by the network’s builder, NBN Co, on September 28.
The undertaking sets out the terms of conditions and access to the NBN’s fibre, wireless and satellite networks until 2040, while providing the framework for NBN Co to deliver wholesale broadband prices across Australia.
ACCC chairman Rod Sims said the ACCC would assess the SAU before it could determine whether it was reasonable and promoted the long-term interests of retailers and consumers.
“The consultation paper seeks the views of consumers and industry and is the first step in what will be a thorough assessment by the ACCC of the undertaking,” Mr Sims said in a statement on Monday.
A spokeswoman for NBN Co said it looked forward to the outcome of the ACCC’s consultations.
“NBN Co has pledged to freeze the wholesale price of its key consumer and business products for five year, and to peg any future rises to below the rate of inflation.
Under the government’s $37.4 billion project, NBN Co is charged to deliver high-speed fibre optic cable broadband offering speeds up to 100 megabits a second to 93 per cent of Australian homes, schools and businesses by June 2021, with the remaining seven per cent to receive services by fixed wireless and satellite technologies within three years.
The competition regulator has called for public consultation on the latest plan by the national broadband network (NBN) builder on wholesale broadband pricing.
The Australian Competition and Consumer Commission (ACCC) released its first consultation paper on the special access undertaking (SAU) lodged by the network’s builder, NBN Co, on September 28.
The undertaking sets out the terms of conditions and access to the NBN’s fibre, wireless and satellite networks until 2040, while providing the framework for NBN Co to deliver wholesale broadband prices across Australia.
ACCC chairman Rod Sims said the ACCC would assess the SAU before it could determine whether it was reasonable and promoted the long-term interests of retailers and consumers.
“The consultation paper seeks the views of consumers and industry and is the first step in what will be a thorough assessment by the ACCC of the undertaking,” Mr Sims said in a statement on Monday.
A spokeswoman for NBN Co said it looked forward to the outcome of the ACCC’s consultations.
“NBN Co has pledged to freeze the wholesale price of its key consumer and business products for five year, and to peg any future rises to below the rate of inflation.
Under the government’s $37.4 billion project, NBN Co is charged to deliver high-speed fibre optic cable broadband offering speeds up to 100 megabits a second to 93 per cent of Australian homes, schools and businesses by June 2021, with the remaining seven per cent to receive services by fixed wireless and satellite technologies within three years.