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ComCom takes action over Telecom loyalty offers
Friday November 6, 09:48 AM
The Commerce Commission says it is issuing proceedings relating to three separate loyalty offers made by Telecom's Wholesale business unit.
It alleged the offers, made between December 2008 and July 2009, were likely to have breached Telecom's obligation not to discriminate between service providers, under Telecom's separation undertakings.
The commission today said it considered breaches of Telecom's separation undertakings had the potential to seriously harm competition in telecommunications markets and undermine or deter efficient investment in telecommunications infrastructure.
Proceedings issued in the High Court against Telecom were seeking remedial orders and/or monetary penalties in relation to the loyalty offers, the commission said.
An investigation by the commission followed findings by the Independent Oversight Group that Telecom Wholesale's loyalty offers breached Telecom's undertakings. The commission said it also separately received complaints on the matter.
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Source:
- Telecom Corporation of New Zealand Limited (NZX: TEL.nz)
- Hellaby Holdings Limited (NZX: HBY.nz)
- Nuplex Industries Limited (NZX: NPX.nz)
- Kiwi Income Property Trust (NZX: KIP.nz)
- Contact Energy Limited (NZX: CEN.nz)
- Hallenstein Glasson Holdings Limited (NZX: HLG.nz)
- New Zealand Exchange Limited (NZX: NZX.nz)
- Port of Tauranga Limited (NZX: POT.nz)
- Steel & Tube Holdings Limited (NZX: STU.nz)
- Telecom Corporation of New Zealand Limited (NZX: TEL.nz)
- Fletcher Building Limited (NZX: FBU.nz)
- Telecom Corporation of New Zealand Limited (NZX: TEL.nz)
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