Symbio Backs ACCC in Telstra Battle Tuesday 16 February 2016 @ 14:23
Australian Telcos have united to back the ACCC in their court battle against industry giant Telstra. Symbio Networks, along with four other providers, are supporting the ACCC in hopes of promoting fair competition for the industry.
The ACCC found that Telstra was overcharging its wholesale partners and decided to reduce fixed line rates by 9.4%. Telstra had initially requested a 7.2 percent hike in charges to compensate for the loss of business to the NBN. Upon review the consumer watchdog found that not only was the increase unfounded, but the current pricing was too high.
The ACCC argued that Telstra is being adequately compensated for any loss of business with the $11.2 billion agreement it signed with the government for its copper and fibre optic networks.
Chairman of the ACCC Rod Sims dropped the fees to protect consumers from “absurd pricing” and believes end-users of the fixed line service should not be held responsible for increased costs.
Symbio joins fellow Telcos Macquarie Telecom, Telcoinabox, TPG and Optus who have all thrown support behind the ACCC.