- BRW Lists
Published 09 October 2013 10:28, Updated 24 January 2014 12:22
ACCC chairman Rod Sims says the market and the threat of regulatory action alone will keep companies like TPG in line. Photo: Sean Davey
Australian Competition and Consumer Commission chairman Rod Sims does not see the need to impose restrictions on TPG Telecom’s new fibre to the basement network even if it locks out rivals.
“If you have a number of players doing TPG-like things then they in a sense self-regulate because if I clobber you here the other guy will get you back over there,” he said.
The comments help pave the way for other players such as AAPT and Vocus to launch their own networks to compete against TPG and the national broadband network.
The ACCC on Tuesday issued its final edicts for the NBN Special Access Undertaking (SAU), which sets out prices and access conditions for any company seeking to work with the NBN. Under the Coalition, the $20.4 billion network will replace Telstra as the bedrock of Australia’s telecommunications system by 2019.
The move was widely supported by the telecommunications industry despite the fact that the current SAU uses products and prices that reflect Labor’s more expensive fibre to the home NBN plan.
The NBN’s cost was part of the reason why TPG executive chairman David Teoh last month launched a plan to bring NBN-like services to half a million apartments in five capital cities using his own infrastructure.