Friday, September 24, 2010
http://www.fijitimes.com/story.aspx?id=156630
IF Internet costs faced by consumers don't drop soon, the Commerce
Commission will step in to force a drop by regulating prices, its
chairman Dr Mahendra Reddy warned.
"We began regulating the bandwidth obtained from FINTEL since July 1,
2010, using a glide path approach," Dr Reddy said.
When that happened, he said, the expectation was that retail Iinternet
rates provided by Internet Service Providers would follow suit.
"Three months down the line, retail rates have reduced but not to our
expectations," Dr Reddy said.
"We are monitoring the market and if it fails to deliver to our
expectation, we will be compelled to intervene. If that's what the
industry wants, we will respond," he warned.
He added that following a study last year, the wholesale market of the
telecommunications sector was regulated.
But Dr Reddy said some operators had used the situation to keep
off-net voice rates high which created an impediment to other
operators penetrating the voice retail market.
"In November we intend to take some remedial action on this," he warned.
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