The Ministry of Economic Development is currently assessing Telecom’s reasons for not fulfilling its requirements under the Telecommunications (Information Disclosure) Regulations 1999.
In September Telecom was supposed to report both the cost of carrying the rural users on its network as well as the money made by the local loop. However, the company only released the figures for the costs incurred by the rural sector, saying the other half of the equation was too “complex and time consuming” and it would need more time to prepare the report.
“We have asked Ernst and Young to look at the reasons given and I hope to report to the minister in the near future,” says MED telecommunications spokesman David King. Telecom has stated it intended to “publicly issue meaningful information early next year”.