Bank closures 'hurting local communities'
Rural Women New Zealand (RWNZ) says access to personal banking services in rural communities is fundamental to promoting outcomes that benefit Kiwi consumers.
The Commerce Commission says connectivity options for rural New Zealanders are front-of-mind as it begins a formal investigation into the future of the copper network.
Telecommunications Commissioner, Tristan Gilbertson says an approach paper released yesterday for the Copper Services Investigation is the first step in the process, scheduled for completion by 31 December 2025.
The investigation could see copper deregulated outside fibre areas.
“Our copper network has been the backbone of telecommunications services for generations and has served us well – as have the regulatory protections wrapped around it. This investigation is about making sure that regulation keeps pace with change and remains fit-for-purpose,” he explains.
The Copper Services Investigation is focused on determining whether competitive, affordable alternatives to copper exist – and, if so, whether removing or reshaping copper regulation is in the best interests of consumers.
Gilbertson says it comes at a time of unprecedented technological change in the telecommunications sector, including the arrival of satellite-based broadband which the Commission claims could be a game-changer for rural New Zealand.
“This investigation coincides with a shift in the dynamics of competition in rural areas that we’ve never seen before,” Gilbertson says.
“Satellite-based services such as Starlink are bringing urban levels of broadband performance to the most remote areas of New Zealand,” he says. “Mobile operators and regional wireless internet service providers are also expanding the capacity and reach of their broadband services.”
Gilbertson says the Commission’s monitoring shows that less than half of rural households outside fibre areas are served by copper.
“Rural consumers are increasingly shifting off copper as demand for more robust connectivity and internet performance grows,” he says.
The Commission is seeking submissions from stakeholders on the proposed approach by 5pm, Wednesday 22 May 2024.
It will then invite cross-submissions by 5pm, Friday 7 June 2024.
The Commission must complete the investigation by 31 December 2025 and determine a recommendation to the Minister.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.