Silly Don Brash is opposed to broadband especially UFB. His opposition was a key recommendation of his taskforce since wound up for being clueless and overspending it’s budget.
He therefore very stupid for criticising Labour for saying we reserve the right to review and amend the arrangements that flow from Joyce’s flawed arrangements.
We think that allowing Telecom monoploy wholesale powers, a 24% ROI and an underwrite of any loss to the Comcom needs review. And it will get it. And after that review there may be changes. And they will be legislated. And Telecom knows that. They therefore go into this deal with their eyes open.
Brash is reported as saying:-
A future Labour government could rewrite Telecom’s ultrafast broadband (UFB) contract, without paying compensation, Act leader Don Brash said today.
Mr Mallard , and Labour communications spokeswoman Clare Curran, both vehemently opposed the Telecommunications Amendment Bill during its committee-stage debate last week – a session most notable for last-minute changes that allowed for the foreign sale of Telecom’s retail business.
During the committee-stage debate on the new UFB legislation, Labour also tabled an amendment that would have increased the fines that Telecom might have to pay for breaching separation or “line of business” requirements in the bill from $10 million to $100 million.
“Anyone entering into an arrangement based on this legislation has got to know that it may not last,” Mr Mallard added.