Vodafone has pleaded guilty to some charges brought by the Commerce Commission but will continue to contest others. Vodafone has pleaded guilty to nine charges brought by the Commerce Commission under the Fair Trading Act that concern the way the company marketed its broadband products.
The Commerce Commission has released a consultation paper which seeks feedback on the potential issues it will be considering when resetting the price-quality paths that will apply to 17 regional electricity lines companies in New Zealand. It says these monopoly lines companies provide an essential service and charge consumers around $2 billion per year.
The Commerce Commission is seeking input on its proposed approach to imposing a revenue cap and service quality standards on Chorus for its UFB offering along with information disclosure rules for Chorus and the other fibre companies. Under this new regime, the commission will set the maximum revenue that Chorus can earn from customers and the minimum quality standards it must meet.
Telecommunications company Spark has pleaded guilty to breaching the Fair Trading Act. Photo: RNZ / Kim Baker Wilson The Commerce Commission brought the charges against it in July for wrongfully charging customers, who signed up for broadband services and then left.
Spark today pleaded guilty to two charges of breaching the Fair Trading Act, both related to over-billing. A third charge was dropped by the Commerce Commission. Penalties will be set at a later hearing. Spark faces fines of up to $600,000 per charge, or $1.2 million in total.
[00:00:01] The Telecommunications company Spark [NZ] has pleaded guilty to charges under the fair trading act involving charging and billing for broadband services. [00:00:12] The charges brought by the Commerce Commission related to charging some new customers during 2016.
The process that began in January has now been wrapped up as the Commerce Commission has granted French payments group Ingenico clearance to acquire Paymark. The change will affect the majority of retailers in New Zealand which accept card or digital payments.
Commerce CommissionchairmanMark Berry by Jacky Carpenter. The Commerce Commission has approved the takeover of electronic payments processor Paymark by French payment terminals and digital payment services provider Ingenico Group. In a statement the Commerce Commission says it focused primarily on whether the combination of Paymark’s payments switch business with Ingenico’s payments terminal business might reduce competition for the supply of payment terminals.
Fri, 02 Nov 2018 Commerce CommissionchairmanMark Berry. The $190 million acquisition of New Zealand electronic payment company Paymark by French group Ingenico has been cleared by the Commerce Commission. The competition regulator had previously expressed concerns about potential anticompetitive effects of the deal but was reassured after considering further submissions from Ingenico and competitors Verifone and Payment Express.
Auckland International Airport's $1.8 billion infrastructure upgrade doesn't justify a 7.06 percent return on its regulated assets during the next five years, the Commerce Commission says. The regulator estimates Auckland Airport will generate an additional $37 million of profit beyond what it considers an appropriate return, but didn't go as far as to call all of th