In a shock announcement here in New Zealand,
it was announced that Telecom NZ will be forced to un-bundle the Local Loop.
This decision was released due to a memo leaked to Telecom from the NZ Government Cabinet.
Investigations are continuing as to how this was leaked.
The NZ Government via Minister of Communications David Cunliffe said the news was released because it would have been unfair on the competitors of Telecom to not let it be known.
Oddly enough, the only other country not to un-bundle is Mexico.
New Zealand has languished at near the bottom of the OECD table of Broadband uptake since the table was started.
The problem is not the lack of competitor companies, it is the fact that the competitors have to re-sell what Telecom offers them.
When asked about the decision a Telecom spokesman said "This is a bad decision for NZ, it will hurt the advancement of technology investment in NZ"
The next day Telecom's competitor ISP's announced a NZ$2 billion investment in new infrastructure.
So, who is feeding us BS here?.
There was champagne all around from most competitors of Telecom, meanwhile Telecom shares took a dive.
End of the golden weather I suppose.
My heart bleeds. [Linked Image]